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Petronas cuts Sept Tapis alpha to $3.05/bbl

Published Updated

oil7 400SINGAPORE: Malaysian state oil firm Petronas has reduced the Tapis crude price alpha factor for September liftings to $3.05 per barrel, down $1.95 from the previous month, an industry source said on Friday.

 

The alpha factor is used to calculate the official selling price (OSP) of Malaysia's main export crude.

 

Copyright Reuters, 2012

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