Markets

Petronas sets January crude price factor at $5.30/bbl

Published January 13, 2015 Updated January 13, 2015 08:07am

1 min

By Shoaib Ur Rehman

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SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for January at $5.30 per barrel, up 50 cents from the previous month, a source with direct knowledge of the matter said on Tuesday.

Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective January last year.

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