Petronas sets crude price fac­tor at US$3.2

New Straits Times - - Business -

SIN­GA­PORE: Petro­liam Na­sional Bhd (Petronas) has set the price fac­tor for Malaysian Crude Oil (MCO) for this month at US$3.20 per bar­rel, down US$0.30 from US$3.50 per bar­rel in the pre­vi­ous month, said it yes­ter­day. 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, bas­ing its bench­mark price on a basket of four Malaysian crude grades Labuan, Miri Light, Kikeh and Ki­ma­nis. Reuters

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