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Companies & Markets

Petronas raises December Malaysian crude official selling price to US$50.66 a barrel

Published Mon, Jan 4, 2021 · 12:08 PM
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[SINGAPORE] The official selling price of a basket of December-loading Malaysian crude oil grades has been set at US$50.66 a barrel, state oil company Petronas said in a pricing document on Monday.

The December price for flagship Labuan crude rose by US$8 a barrel from US$42.66 in November.

Petronas sets the benchmark based on the spot differentials to dated Brent for the four grades - Labuan, Miri, Kikeh and Kimanis.

The Malaysian crude benchmark mechanism was launched in January 2014 and updated to include the Kimanis crude grade from January 2017.

REUTERS

KEYWORDS IN THIS ARTICLE

Oil prices
Oil and gas

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