The official selling price of a basket of Malaysian crude oil for July-loading has been set at US$61.54 a barrel, state-owned Petronas said on Monday. The July price for flagship Labuan fell $5.35 a barrel from June. The price had reached its lowest in January since April 2009.
Petronas introduced a new benchmark starting January 2014, based on the spot differentials to dated Brent for three grades- Labuan, Miri and Kikeh.
As a result of the change, Tapis Blend was dropped as the key pricing reference to dated Brent due to low liquidity and falling output.
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Petronas introduced a new benchmark starting January 2014, based on the spot differentials to dated Brent for three grades- Labuan, Miri and Kikeh.
As a result of the change, Tapis Blend was dropped as the key pricing reference to dated Brent due to low liquidity and falling output.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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