Thursday 28 Mar 2024
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SINGAPORE (April 11): State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at US$3.90 per barrel, down 15 US cents from the previous month, the company said on Wednesday

* 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 

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