Mexico adjusts April oil export price formulas

MEXICO CITY, March 12 (Reuters) - Mexican state oil
monopoly Pemex narrowed its April discount on exports of Maya
crude to the U.S. Gulf Coast by 10 cents to $3.85 under the
monthly adjustment to its oil export price formulas.

Pemex said in a statement on Wednesday the discount on
exports of Isthmus crude to the U.S. Gulf Coast was also cut by
10 cents to $4.10. Pemex recently stopped shipping oil to the
U.S. West Coast.

The following table gives the price adjustments for all oil
exports to the Americas, Europe and Asia:

April March

AMERICAS, GULF COAST

Maya - $3.85 - $3.95

Isthmus - $4.10 - $4.20

Olmeca + $1.20 + $1.10

EUROPE

Maya - $0.50 - $0.60

Isthmus + $0.09 - $0.11

ASIA

Maya -$12.20 -$10.70

Isthmus + $0.80 + $1.00

For latest prices for Mexican oil, click on: MEX06

FORMULAS (K IS PEMEX CONSTANT):

MAYA: 0.40 (West Texas Sour + Fuel Oil 3%) + 0.10
(Louisiana Light Sweet + Brent dated)+ K

ISTHMUS: 0.40 (West Texas Sour + Louisiana Light Sweet)
+0.20 (Brent dated) + K

OLMECA: 0.333 (West Texas Sour + Louisiana Light Sweet
+Brent dated) + K

MAYA W. COAST: 0.333 (West Texas Intermediate + Alaskan
North Slope + Kern River) + K.
(Reporting by Catherine Bremer; Editing by David Gregorio)