Effective April 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 March.
The de-escalator should apply to cargoes loading from April 1.
Platts, part of S&P Global Commodity Insights, has assessed the 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.
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