Markets

Petronas sets February crude price factor at $4.80/bbl

Published February 16, 2015 Updated February 16, 2015 12:57pm

1 min

By Shoaib Ur Rehman

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SINGAPORE: Petronas has set the price factor for Malaysian Crude Oil (MCO) for February at $4.80 per barrel, down 50 cents from the previous month, the state oil firm said on Monday.

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 which came into effect in January 2014.

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