- The sulfur de-escalator was introduced in July 2007 to bring more stability for pricing for the North Sea’s Forties crude.
- Quality of the Forties can vary substantially depending on the percentage of Buzzard crude in the blend at any given time.
- Buzzard field can drastically change the quality of the crude sold as Forties Blend: with Buzzard at 30% of the total blend compared with 0%.
- Platts began publishing a de-escalator to represent the value of a 0.1 percentage point of sulfur.
- The Brent...
http://mfame.guru/imo-2020-analysis-of-the-forties-de-escalator-and-brent-basket/