The ARA Platt's price for Diesel Oil refers to the price assessments published by S&P Global Platts for diesel oil traded in the Amsterdam-Rotterdam-Antwerp (ARA) region. The ARA region is a major trading hub for refined petroleum products in Europe. S&P Global Platts is a leading provider of price information and benchmarks for the energy and commodities markets.
The ARA Platt's diesel oil price is based on actual trades and bids/offers in the physical market. It reflects the supply and demand dynamics for diesel oil in the ARA region, taking into account factors such as crude oil prices, refining margins, product inventories, and regional demand. The price is expressed in US dollars per metric ton (USD/MT).
The ARA Platt's diesel oil price is widely used as a benchmark for diesel oil prices in Europe and other regions. It is used by market participants, including refiners, traders, and consumers, to make informed decisions about buying, selling, and pricing diesel oil.
It's important to note that the ARA Platt's diesel oil price can be subject to volatility due to various factors such as geopolitical events, changes in global supply and demand, and market sentiment. The price can fluctuate over time and may differ from other price assessments or indices for diesel oil.
To obtain the most up-to-date and accurate information on ARA Platt's diesel oil price, it is recommended to consult reputable sources like S&P Global Platts or other specialized energy and commodities market information providers.
