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Malaysia's Petronas sets September crude price factor at $3.30/bbl
September 13, 2017 / 7:00 AM / 7 days ago

Malaysia's Petronas sets September crude price factor at $3.30/bbl

SINGAPORE, Sept 13 (Reuters) - Malaysia’s Petronas has set the price factor for its Malaysian Crude Oil (MCO) for September at $3.30 per barrel, the highest since April’s $3.50 level, the state oil firm said on Wednesday.

The September price is $0.35 per barrel higher than the August price factor.

Petronas changed its official selling price (OSP) mechanism from January 2017, basing its benchmark price on a basket of four Malaysian crude grades: Labuan, Miri Light, Kikeh and Kimanis. (Reporting by Mark Tay; Editing by Joseph Radford)

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