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Shell revises Brent oil terms to reflect ‘consensus’

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By Muhammad Iqbal
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crude200LONDON: Royal Dutch Shell has updated its SUKO 90 terms and conditions for Brent crude oil trading, following changes announced by oil pricing agency Platts on Monday to the way it assesses the market.

Shell, which posted the revised terms and conditions on its website, said: "Shell has further updated its SUKO 90 terms and conditions to reflect the consensus reached in the market since we published our proposed changes on 8 February 2013."

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