Platts to assess Forties de-escalator at 35 cents/b for January

Effective Jan. 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 35 cents/b per 0.1% weight of sulfur over the 0.6% weight standard, unchanged from December.

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

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

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.