Platts to assess Forties sulfur de-escalator at 25 cents/b for October

Effective Oct. 1, the sulfur de-escalator to be applied to Forties crude oil cargoes and related instruments in the Platts North Sea assessment process will be 25 cents/b per 0.1% weight of sulfur over the 0.6% weight standard, unchanged from September.

The de-escalator should apply to cargoes loading from Oct. 1.

Platts, part of S&P Global Commodity Insights, has assessed the de-escalator level after reviewing changes in the outright value of crude, product cracks and the difference in value between sweet and sour North Sea crude differentials.

A rationale for the decision will be available shortly on www.platts.com.

Platts guidelines for its sulfur de-escalator use three significant figures for determination of sulfur-related payment.

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