Oil Product Specification

Product Code:

NRG-OIL-GLO-ALL

Description:

Our End of Day assessments provide full product coverage across crude and the refined product spectrum alongside a comprehensive forward curve covering monthly, quarterly and calendar time periods. Prices are quoted in mid format and are expressed in USD per BBL for each product and as a differential between products for the majority of contracts.

Data Source:

TraditionData Data Packages are coming from Tradition’s market-leading global brokerage desks

Delivery Method:

• EOD snap delivered via SFTP.

Data Frequency:

The market data is extract at the end of day.

Data Format:

CSV file for snap files.

Data Coverage:

• Asset Class: Energy & Commodities
• Sub Class: Oil
• Total: +3339 instruments
• Tenures: 48 month (4 year) tenure
• Desks: 22 brokerage desks

Middle Distillates EOD EMEA ( NRG-OIL-EUR-MID ) Data Coverage

Middle Distillates EOD - Asia ( NRG-OIL-APA-MID ) Data Coverage

Fuel Oil EOD - EMEA ( NRG-OIL-EUR-FUO ) Data Coverage

Fuel Oil EOD - Americas ( NRG-OIL-AME-FUO ) Data Coverage

Light Ends EOD - EMEA ( NRG-OIL-EUR-LIG ) Data Coverage

Light Ends EOD - EMEA Gasoline ( NRG-OIL-EUR-GAS ) Data Coverage

Petrochemical - Asia ( NRG-OIL-APA-PET) Data Coverage

Tradition Data Packages:

Product Code	Product Name
NRG-OIL-AME-FUO	Fuel Oil EOD - Americas
NRG-OIL-AME-NGL	Light Ends EOD - Americas
NRG-OIL-APA-MID	Middle Distillates EOD - Asia
NRG-OIL-EUR-FUO	Fuel Oil EOD - Europe, Middle East & Africa
NRG-OIL-EUR-GAS	Light Ends EOD - Europe, Middle East & Africa Gasoline
NRG-OIL-EUR-LIG	Light Ends EOD - Europe, Middle East & Africa
NRG-OIL-EUR-MID	Middle Distillates EOD - Europe, Middle East & Africa
NRG-OIL-GLO-ALL	Energy EOD OIL Package
NRG-OIL-GLO-FUO	Fuel Oil EOD - Global
NRG-OIL-GLO-LIG	Light Ends EOD - Global
NRG-OIL-GLO-MID	Middle Distillates EOD - Global
NRG-OIL-APA-PET	Petrochemical - Asia

FAQ:

Question	Answer
How many snap files are available per day?	Only one EOD snap based on region timezone
What are Key benefits ?	Full product coverage across crude and the refined product spectrum, from Fuel Oil, Gasoil, Diesel and Jet Fuel Through to Gasoline, Naphtha and LPG. Extensive forward curve coverage dependent on market standards. Curves typically span 6-64 months, 0-22 quarters, 0-11 halves, and 0-5 calendar years. Full flexibility on data content and delivery method – choose from our comprehensive suite of data packages delivered either real time or per chosen snapshots.
ARA, N.W.E	They both refer to North West Europe Benchmark, delivery point ARAARA refers to the ports of Amsterdam, Rotterdam, and Antwerp in the Northwest Europe.They refer to the same delivery point but in some product N.W.E delivery is called ARA in some shows as NEW
CIF, FOB	The main difference between CIF and FOB is the party that is responsible for the goods while they are in transit. With a CIF agreement, the seller is liable for the goods during transit, and with a FOB, the buyer is liable for the goods during transit. Other than that, there is not a major difference between the two, for this reason CIF Contracts are more Expensive.
Cargoes vs Barges	Cargo refers to ships that can travel across international water. Barges, flat and harder to manoeuvre, are used mainly for local transport, rivers, canals etc. The same product can trade both as Barge or Cargo, depending on the delivery point.
Crack	A crack, or crack spread, is a term used in the energy markets to represent the differences between crude oil and the prices of wholesale petroleum products that derive from it: such as jet fuel, kerosene, home heating oil, and gasoline.Brent and WTI are the most important benchmarks.
East/West ARB and Atlantic ARB	Arbitrage (ARB) refers to the spread of products traded in different location. It doesn’t take into account transportation costs.“East/West” is the spread between Europe and Asia, while “Atlantic” is the one between US and Europe.
Light vs Heavy	Refers to API Gravity i.e. oil density and content of Lighter elements. Light oil requires less processing and produces a greater Percentage of Gasoline and Diesel than Heavy Oil: as such is more desirable.
RBOB, EBOB	They Both refer to gasoline contracts. RBOB is the American benchmark, EBOB is the European one.
Refinery Margins	The gross refining margin is the difference between the weighted average of the price of petroleum products (such as gasoline and diesel) leaving the refinery and the value of the original crude oil used.
Sweet vs Sour	Refers to Sulphur Content in Crude Oil. The sweeter the oil (Less Sulphur) the better as refining is cheaper and requires less cleaning of the product.
Spreads	Time spreads between tenors of the same curve
Diff or Differentials	Diffs or differentials are spreads versus Oil Products. The most liquids Diff tend to be between interchangeable products (same position in the barrel) that compete with each other.
Is Historical Data Available?	Yes,different per package. For example Fuel US started at April 2019

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