CS-AG-GO10

Standard Basis

The prevailing market value of physical maximum 10 ppm sulphur gasoil cargoes loading FOB Arab Gulf, inside the Strait of Hormuz, 20–40 calendar days forward from the assessment date, in standard cargo sizes of 200,000–300,000 barrels, expressed in US dollars per barrel.

A published value is an estimate of the prevailing market level for this Standard Basis. It is not a bid, offer, executable quotation or guaranteed price.

Specification Table

Series code

CS-AG-GO10

Assessment type

CommodityScope Indicative Assessment

Product

Gasoil

Quality basis

Maximum 10 ppm (10 mg/kg) sulphur. Sulphur content is the primary fixed quality parameter. Other quality characteristics must remain commercially consistent with internationally traded 10 ppm gasoil suitable for the relevant Arab Gulf export market.

Market

Arab Gulf — Inside Strait of Hormuz

Delivery basis

FOB

Standard cargo

200,000–300,000 barrels

Loading window

20–40 calendar days forward from the assessment date

Assessment unit

USD per barrel (USD/bbl)

Reference conversion

7.45 bbl/mt

Assessment cutoff

16:30 Singapore time (SGT)

Frequency

Daily

Published values

Assessment Midpoint; Assessment Range; Confidence Classification

Methodology family

Oil Products & Physical Crude Methodology

Methodology version

1.0

Parent methodology

CS-METH-OIL

Effective date

15 September 2026

Market definition

Delivery basis

Free on Board at an eligible loading location inside the Strait of Hormuz. The assessed value is the value of product loaded aboard the nominated vessel. It excludes onward marine freight and marine insurance to the buyer’s destination.

Cargo

Cargoes within this range are directly comparable in size. Smaller or larger cargoes may trade at different levels because of vessel economics, terminal restrictions, parcel availability and operational requirements.

Loading window

The window is measured from the date represented by the published assessment. Cargoes loading materially earlier or later may reflect different physical availability, refinery schedules, inventory, forward structure and logistics.

Reference conversion

7.45 bbl/mt

Analytical reference for cross-unit comparison. It does not imply that every cargo has the same density. The published value remains in USD/bbl.

Publication schedule

Daily cadence. Updates follow the daily publication cycle when a qualifying market observation is available. Each value retains its assessment date.

Assessment cutoff: 16:30 Singapore time (SGT). CommodityScope considers market information available to its assessment process up to this time. The assessment date is distinct from the publication timestamp.

Exclusions and related markets

• Fujairah lies outside the Strait of Hormuz and is outside the geographic basis of the Series. FOB Fujairah is not equivalent to FOB Arab Gulf — Inside Strait.
• CFR, CIF, delivered, ex-tank, ex-wharf, pipeline, truck or other destination terms are not equivalent to FOB Arab Gulf.
• Prompt cargoes are not equivalent to cargoes loading 20–40 calendar days forward.

The Assessment Midpoint of CS-AG-GO10 is formed from this Series’ own validated market observations. No related series enters the Assessment Midpoint. Under Oil Methodology 1.0, only a listed same-unit related forward may support Assessment Range construction. This Series currently has no listed related pair.

Comparability is evaluated against the stated basis; adjustments apply only where the family methodology defines them. Oil Methodology 1.0 does not apply a cargo-size, timing or location premium to the Assessment Midpoint of this Series.

Related Arab Gulf, Fujairah and Singapore gasoil markets may be reviewed as supplementary market context and validation references. They do not enter the CS-AG-GO10 midpoint or Assessment Range unless explicitly listed by the applicable Oil methodology.

Parent methodology

This specification defines the market basis of CS-AG-GO10 and is governed by Oil Products & Physical Crude Methodology version 1.0.

Revision History