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Malaysia's Petronas sets December crude price factor at US$4.80/barrel

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Published Thu, Dec 11, 2014 · 02:55 AM

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    [KUALA LUMPUR] State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for December at US$4.80 per barrel, down 90 US cents from the previous month, a source with direct knowledge of the matter said on Thursday.

    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 with effect from January.

    REUTERS

    Oil pricesPetronas

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