Malaysia's Petronas sets crude oil price factors for November
Malaysia's state oil firm Petronas [RIC:RIC:PETR.UL] set the monthly price factors for November-loading crude as follows:
Price Adjustment (Alpha) | Price Differential (Beta) | ||||
LMKK | Tapis Blend | Bintulu | Dulang | Cendor | |
November | 5.60 | -2.94 | -1.82 | 0.79 | 1.91 |
October | 6.90 | -3.39 | -1.98 | 1.14 | 1.12 |
NB: The differential is added to the benchmark Malaysian Crude Oil (MCO) price to derive values for four grades - Tapis Blend, Bintulu, Dulang, and Cendor.