November 26, 2019 / 5:42 AM / 7 months ago

Petronas sets December crude price factor at $8.30/bbl

(For OSP list, click)

SINGAPORE, Nov 26 (Reuters) -

* State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for December at $8.30 per barrel, up $1.00 from the previous month, the company said in a statement late on Monday

* 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 Shu Zhang; Editing by Shailesh Kuber)

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