RE: Re. Buzzard22 Nov 2019 19:02
Buzzard is a medium gravity, sour crude with an API of 32.6º and a whole crude sulphur level of 1.44% wt
Lancaster is light gravity, sour crude with an API of 38° and 1.3% sulphur
1st 350,000 barrels cargo from Lancaster sold in June and received the proceeds of $22.5M. Proceeds per barrel $64.28.
Brent price on 20 June was $64/bbl
So no discount applied to sales which is welcome.
Regarding Buzzard crude sales I don't know, maybe someone else does(?)
P.S. Lincoln crude oil is 43API for the record