OIL PRODUCTS: Platts to Exclude Products Sources from Russian Crude in Assessmen
Platts will stop reflecting oil products derived from Russian crude from its European price assessment process.
- The ban is in accordance with EU Council Regulation 2025/1494 (the EU 18th package of sanctions against Russia)
- Effective Jan. 2, 2026, in its European oil products barge price assessments, Platts will stop reflecting material that has been produced from Russian crude oil.
- Material previously imported into the EU prior to Jan. 2, 2026, will continue to be reflected.
- From the dates of implementation outlined above, bids and offers reported in the Platts MOC assessment process are expected to carry the implicit guarantee that the oil product will satisfy the EU's import ban in line with EU Council Regulation 2025/1494, Platts said.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Bond Update: Over $9.5B Debt to Issue Wednesday
- $9.65B to price Wednesday, $56.05B/wk
- Date $MM Issuer (Priced *, Launch #)
- 11/05 $1.7B #Transcontinental Gas Pipeline $1B 10Y +95, $700M 30Y +105
- 11/05 $1.25B #Intercontinental Exchange $600M 3Y +45, $650M +5Y +60
- 11/05 $1.25B #Equinix 5Y +85
- 11/05 $1B #Santos Finance 10Y +168
- 11/05 $850M #AviLease Capital 5Y +110
- 11/05 $750M #Apollo Global Mgt $400M 5Y +85, $350M 8/35 Tap +110
- 11/05 $750M #CBRE Services 7Y +98
- 11/05 $600M #Mattel 5Y +130
- 11/05 $500M #Polaris +5Y +185
- 11/05 $1B *KEPCO $600M 3Y SOFR+62, $400M 5Y +47
GBPUSD TECHS: Bear Leg Extension
- RES 4: 1.3471 High Oct 17 and a key short-term resistance
- RES 3: 1.3369 50-day EMA
- RES 2: 1.3249/3277 Low Oct 14 / 20-day EMA
- RES 1: 1.3142 Low Aug 1
- PRICE: 1.3041 @ 15:57 GMT Nov 5
- SUP 1: 1.3010 Low Nov 4
- SUP 2: 1.2971 1.382 proj of the Sep 17 - 25 - Oct 1 price swing
- SUP 3: 1.2945 50.0% retracement of the Jan 13 - Jul 1 bull leg
- SUP 4: 1.2877 1.618 proj of the Sep 17 - 25 - Oct 1 price swing
A sharp sell-off in GBPUSD Tuesday reinforces bearish conditions. A key support at 1.3142, the Aug 1 low, has recently been cleared. The break confirmed a resumption of the downtrend that started Sep 17. Sights are on 1.2971 next, a Fibonacci projection point. Note that the trend is in oversold territory, a recovery would allow this condition to unwind. Initial resistance is at 1.3142, the Aug 1 low.
US: FED Reverse Repo Operation
RRP usage slips to $12.700B with 12 counterparties this afternoon - from $16.893B Tuesday. Compares to $2.435B on October 24 (lowest level since mid-March 2021) and the year's highest usage of $460.731B on June 30.
