Petronas sets Nov crude price factor at $4.50/bbl
(For OSP list, click )
SINGAPORE, Nov 10 (Reuters) - State oil firm Petronas
has set the price factor for Malaysian Crude Oil for
November at $4.50 per barrel, up $0.55 from the previous month,
a document reviewed by Reuters showed on Friday.
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 Florence Tan; Editing by Sherry Jacob-Phillips)