31Jan11 -PLATTS: 6--Platts Singapore Products Assessments - 31Jan11

Singapore (Platts)--31Jan11/0546 am EST/ 1046 GMT

                 FOB Singapore       MOPS Strip    Spot Prem/Disc

Mogas 97 unl     +108.27-108.31+                     12.99/13.03  *

Mogas 95 unl     +107.12-107.16+                     11.84/11.88  *

Mogas 92 unl     +104.83-104.87+                      9.55/9.59   *

Mogas 92 unl                      +104.64-104.68+     0.17/0.21   **

Naphtha           +96.30-96.34+    +95.26-95.30+

Spot Phy naphtha  +95.56-95.60+                       0.25/0.35

Kero             +113.46-113.50+  +113.56-113.60+    -0.12/-0.08

Gasoil 10ppm     +113.34-113.38+                      2.03/2.07   ***

Gasoil 50ppm     +112.87-112.91+                      1.56/1.60   ***

Gasoil 0.05% S   +112.13-112.17+                      0.82/0.86   ***

Gasoil 0.25% S   +111.68-111.72+                      0.37/0.41   ***

Gasoil Reg 0.5%  +110.70-110.74+  +111.29-111.33+    -0.61/-0.57

*=Diff to Naphtha MOPS strip   **=Diff to Mogas 92 unl MOPS strip

***=Diff to Gasoil Reg 0.5% MOPS Strip

Spore Fuel/LSWR: p42. Arab Gulf/Japan Products: p43. Spore paper quotes: p209

--Platts Global Alert--

Monday, 31 January 2011 17:47:00PLTS [nPtGCCDJa ] {C}ENDS

17:47 31Jan11 -PLATTS: 42--Platts Singapore Fuel/LSWR Assessments - 31Jan11

Singapore (Platts)--31Jan11/0546 am EST/ 1046 GMT

                  Singapore       MOPS Strip    Spot Prem/Disc***

Demurrage Clean 16000.00

MTBE             +952.00-953.00+

FO 180 CST 2%    +562.74-562.78+

HSFO 180 CST     +552.99-553.03+ +549.16-549.20+     3.81/3.85

HSFO 380 CST     +545.18-545.22+ +538.43-538.47+     6.73/6.77   **

Demurrage Dirty 19000.00

Ex-Wharf 180 CST +573.00-574.00+

Ex-Wharf 380 CST +565.00-566.00+

LSWR Mixd/Crackd  +93.28-93.32+                      0.98/1.02   *

LSWR              +92.28-92.32+

*=Assessment is FOB Indonesia, Prem/Disc to Pertamina Mixed-Cracked Formula

**=FOB Singapore basis

***=Prem/Disc to MOP Singapore

Spore paper quotes: p209

--Platts Global Alert--

Monday, 31 January 2011 17:47:00PLTS [nPtGCCDKa ] {C}ENDS

17:49 31Jan11 - 43--Platts AG/Japan Products Assessments - 31Jan11                             

43--Platts AG/Japan Products Assessments - 31Jan11                              

Singapore (Platts)--31Jan11/0546 am EST/ 1046 GMT                              

                   FOB Arab Gulf  Premium/Discount*    C+F Japan               

Mogas UNL                                             +107.02-107.06+           

Mogas 95 RON unl  +104.50-104.54+    2.79/2.83        +109.31-109.35+           

                                     4.85/4.89   **                             

Naphtha LR2       +850.92-854.92+                                              

Naphtha           +846.32-850.32+   17.75/18.25       +875.75-879.75+          

Naphtha MOPJ Strip                   9.75/10.25  ***   867.50-868.00           

Nph 1st 1/2 Mar                                       +885.75-886.25+          

Nph 2nd 1/2 Mar                                       +879.25-879.75+          

Nph 1st 1/2 Apr                                       +875.75-876.25+          

*  = Premium/Discount to MOP Arab Gulf                                         

** = Premium/Discount on C+F Middle East basis                                 

***= Premium/Discount on MOPJ Strip                                            

   (Singapore Products: p6, 42//freight netback: p332)   Cont'd p449           

Begins              --Platts Global Alert--                Cont

Monday, 31 January 2011 17:49:01PLTS [nPL31A7D4 ] {C}ENDS

17:49 31Jan11 - 449--Platts AG/Japan Products Assessments - 31Jan11                            

449--Platts AG/Japan Products Assessments - 31Jan11                             

Singapore (Platts)--31Jan11/0547 am EST/ 1047 GMT                              

                     FOB Arab Gulf   Premium/Discount*    C+F Japan            

Kero                +111.32-111.36+     1.23/1.27       +115.08-115.12+          

Kero LR2            +111.53-111.57+                                             

Gasoil 0.005% S     +111.93-111.97+     3.58/3.62                               

Gasoil 0.05% S      +110.93-110.97+     2.58/2.62                               

Gasoil 0.25% S      +108.93-108.97+     0.58/0.62                               

Gasoil              +108.43-108.47+     0.08/0.12       +113.18-113.22+***      

Gasoil LR2          +108.66-108.70+                                             

HSFO 180 CST        +540.04-540.08+     9.75/10.25      +564.38-564.42+         

HSFO 380 CST        +532.23-532.27+     9.75/10.25                              

HSFO 180/380 Spread   -7.83--7.79  **                                           

*=Premium/Discount to MOP Arab Gulf                                             

**=Differential to FOB Arab Gulf HSFO 180 CST.                                  

***=C+F Japan Gasoil is 50ppm Sulfur beginning Apr 1 2005.                     

(freight netback: p332)                              (Cont'd from p43)         

Begins              --Platts Global Alert--