Platts Leaves Forties Crude De-Escalator Formula Unchanged
Platts, whose Dated Brent crude assessment is used to price more than half of the world’s oil, said it will leave the discount for North Sea Forties cargoes with a high sulfur content unchanged for January.
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 January, unchanged for a fourth month, Platts said today in an e-mailed statement.
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