Quantum Commodity Intelligence – Price reporting agency S&P Global Platts launched the Platts European Sour Crude Index effective August 17 as a replacement for the long-standing flagship Ural listing.

Platts said the rating consists of a weighted average of three of the North Sea’s higher-sulphur crude oil streams, namely Johan Sverdrup, Grane and Flotta Gold.

“The North Sea is a mature and largely low-sulphur crude oil basin, but these three more acidic grades will deliver another prize…

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