19MAR2019 - NEWS - Malaysian state oil company Petronas increases price factor for Malaysian Crude Oil for April

Malaysian state oil firm Petronas has recently set the price factor for Malaysian Crude Oil (MCO) for April at $5.50 per barrel, up 10 cents from the previous month. The monthly price factor is added to the average of 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.

Published by Editor - www.Livebunkers.com at 19-Mar-2019 05:59:34 [UTC] , contact editor at editor@livebunkers.com