Subscriber note: Platts to state monthly Forties de-escalator on 25th of month

Following industry feedback, Platts will state the sulfur de-escalator applied to the North Sea's Forties crude oil every month at 3 pm London time, on the 25th of the month prior to the month of implementation. In case the 25th of the month is a non-working day in the UK, the de-escalator will be announced on the closest business day prior to the 25th. As an example, the de-escalator for December would be announced on the 23rd of November, at 3 pm London time. Under this approach, Platts will state the de-escalator, whether or not the value of the de-escalator is being changed. The de-escalator may change if there is a significant and sustained event in the crude market, as affected by refined products and other relevant factors that affect the economics of Forties. Otherwise, the de-escalator would be reiterated with no change. Platts will publish the editorial basis for the determination of the de-escalator level on its website platts.com. For comments please contact europe_crude@platts.com and pricegroup@platts.com