Petronas sets June crude price factor at record low of minus US$4.20/bbl


  • Energy
  • Monday, 01 Jun 2020

The monthly price factor is added to the average of Platts' dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP)

SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for June at an all-time low of minus $4.20 per barrel, down $6.40 from the previous month, the company said late on Friday

The monthly price factor is added to the average of Platts' dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP)

Petronas changed its OSP mechanism effective January 2017, basing its benchmark price on a basket of four Malaysian crude grades Labuan, Miri Light, Kikeh and Kimanis - Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Petronas , Kimanis , oil , price factor ,

   

Did you find this article insightful?

Yes
No

62% readers found this article insightful

Across the site