Platts to assess Forties sulfur de-escalator at 20 cents/b for November

Effective Nov. 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 20 cents/b per 0.1% weight of sulfur over the 0.6% weight standard, down 5 cents/b from October.

The de-escalator applies to cargoes loading from Nov. 1.

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

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

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

Please send any feedback or questions to europe_crude@spglobal.com and pricegroup@spglobal.com .

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