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Platts Keeps Forties Crude Sulfur Discount Unchanged for April

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March 25 (Bloomberg) -- Platts, whose Dated Brent crude assessment is used to price more than half of the world’s oil, will keep the discount for April North Sea Forties with a higher sulfur content unchanged from March.

The unit of New York-based McGraw-Hill Cos. applies a so-called de-escalator to compensate buyers of Forties crude that contains more than 0.6 percent sulfur.

Sellers will pay 35 cents a barrel for every 0.1 percentage point of sulfur over that limit in April, Platts said today in an e-mailed statement. The pricing agency reviews the de-escalator every month.

To contact the reporter on this story: Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net

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