Markets

Petronas drops Sept crude price factor to $3.30/bbl

Published September 15, 2015 Updated September 15, 2015 12:37pm

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 September at $3.30 per barrel, down $0.60 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 2014.

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