Petronas Raises April Crude Price Factor

Tuesday, March 19, 2019
© xmentoys / Adobe Stock

Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $5.50 per barrel, up 10 cents from the previous month, the company said on Tuesday

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.


(Reporting by Jessica Jaganathan, Editing by Sherry Jacob-Phillips)

Categories: Finance Oil Asia

Related Stories

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

ADNOC Secures LNG Supply Deal with India's BPCL

ADNOC Secures LNG Supply Deal with India's BPCL

Malaysia's Petronas Plans Job Cuts

Malaysia's Petronas Plans Job Cuts

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Current News

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Turkey Discovers New Black Sea Gas Reserve

Indonesia's Medco Starts Production at Natuna Sea Fields

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com