SINGAPORE: State oil firm Petronas on Wednesday said it had set the value calculate for Malaysian Crude Oil (MCO) for March at $4.20 per barrel, unaltered from the earlier month.
The month to month value component is added to the normal of Platts' dated Brent costs distributed in the month to infer the Malaysian rough authority offering value (OSP).
Petronas changed its OSP system from January 2017, constructing its benchmark cost in light of a wicker container of four Malaysian rough levels Labuan, Miri Light, Kikeh and Kimanis. - Reuters
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