TABLE-Malaysian Nov crude oil OSP falls to 6-1/2 year low at $47.49/bbl
(For a list of OSPs, click, for Malaysian OSPs, click
)
SINGAPORE, Dec 1 (Reuters) - The official selling price of a
basket of Malaysian crude oil for November-loading fell
to $47.49 a barrel, the lowest since May 2009, state-owned
Petronas said on Tuesday.
The November price for flagship Labuan fell $3.92 from a
month ago.
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.
Kimanis, a new grade that started production in the fourth
quarter of 2014, could be included in the price reference basket
in late-2015 or 2016.
Here are the OSPs for the Malaysian grades:
PETRONAS 2015 TERM PRICES (INCLUDES "P" ADJUSTMENT)
NOV OCT SEPT AUGUST
LABUAN 47.49 51.41 $50.91 $50.54
MIRI 47.49 51.41 $50.91 $50.54
KIKEH 47.49 51.41 $50.91 $50.54
TAPIS 44.99 48.91 $48.41 $48.04
DULANG 47.09 51.01 $50.51 $50.14
BINTULU 44.69 48.61 $48.11 $47.74
(Reporting By Jacob Gronholt-Pedersen; Editing by Gopakumar
Warrier)