Platts to assess Forties crude sulfur de-escalator at 15 cents/b from July

Effective July 1, 2026, the sulfur de-escalator to be applied to Forties crude oil cargoes and related instruments in the Platts North Sea assessment process will be 15 cents/barrel per 0.1% weight of sulfur over the 0.6% weight standard, unchanged from June.

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

Platts, part of S&P Global Energy, 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 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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