European refined products

Daily price indexes for West European and Mediterranean of the most liquid grades.
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General Index provides daily price indexes for North West European and Mediterranean refined products. The indexes comprise the most liquid grades within the light distillate, middle distillate and fuel oil markets and reflect standardised barge and cargo volumes as typically traded in the spot market.

All GX European refined products indexes are based on market-accepted methodologies and are therefore fully interchangeable with existing benchmarks. 

Certain refined product GX indexes are calculated through a volume-weighted average methodology, while others are derived through an end-of-day assessment process.

GX also develops new benchmarks in response to market needs in conjunction with industry stakeholders and to provide greater transparency across European refined products markets.


Gasoline 
GX  provides indexes for Eurobob pre-finished E5 and E10 gasoline blend stock barges. The methodologies for these indexes are based on a volume-weighted average of the day’s trades. GX calculates indexes for finished standard Euro grade barges and cargoes, calculated through end-of-day assessment processes, as well as high-octane gasoline barges. In line with standard spot market practice, GX assesses gasoline in outright cash terms. 
Jet fuel 
GX calculates jet fuel indexes for the barge and cargo markets, utilising end-of-day assessment processes. Mediterranean indexes are derived from the primary delivered North West European cargo index utilising freight rates. Jet fuel is assessed as a differential to Ice Gas oil futures, in line with standard spot market practice. 

Gasoil 
GX provides indexes for the heating oil and diesel markets in North West Europe and the Mediterranean, utilising end-of-day assessment processes. GX heating oil indexes reflect 50ppmS and 0.1%S grades, while diesel indexes reflect 10ppmS grades. Indexes for France and UK-delivered cargoes are derived from the primary ARA cargo index. All gas oil-related commodities are assessed as differentials to Ice Gas oil futures, in line with standard spot market practice.  
Fuel oil  
GX indexes for residual fuel oil in North West Europe and the Mediterranean utilise end-of-day assessment processes. GX calculates indexes for the 3.5%S and 1%S markets, as well as 0.5%S grades compliant with IMO 2020 regulations. Indexes for less-liquid fuel oil markets are derived from the benchmark 3.5%S ARA barge index and/or relevant freight rates. All fuel oil indexes are assessed in outright cash terms, in line with standard spot market practice. 
ULSD 10ppm NWE CIF cargoes FACTSHEETULSD 10ppm MED CIF Cargoes FACTSHEETULSD 10ppm NWE Basis Le Havre CIF CargoesULSD 10ppm NWE Basis UK CIF Cargoes ULSD 10ppm NWE FOB Cargoes FACTSHEETULSD 10ppm NWE Basis Le Havre FOB Cargoes ULSD MED FOB Cargoes FACTSHEET
Naphtha 
GX’s primary naphtha index is for North West European cargoes, utilising an end-of-day assessment process. Indexes for the barge market and Mediterranean cargoes are derived from the primary index. Inline with standard spot market practice, GX assesses naphtha in outright cash terms.