Houston — Pemex raised the differentials, or K factor, for September Maya, Isthums and Olmeca crude deliveries to the Americas, US West Coast, but dropped them for Europe and Asia, according to a statement released by the company's trading arm PMI late Wednesday.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
The K factor for September Maya deliveries to the Americas and the US West Coast rose $1.15 and $1.20 to plus $3.45/b and plus $3.35 cents/b, respectively.
The K factor for September Maya deliveries to Europe and Asia dropped by 20 cents and 35 cents to minus $3.45/b and to minus $6.85/b, in that order.
Maya is a heavy sour which typically has a 22 API gravity and 3.3% sulfur content.
The constant terms for September Isthmus deliveries to the Americas and the USWC rose $1.80 from August to plus $4.60/b and to plus $5.40/b, in that order.
Meanwhile, the K factors for Isthmus deliveries to Europe and Asia edged down 5 cents and 70 cents, respectively, to minus 80 cents/b and $1.05/b. Isthmus is a medium-sour grade with a 32-33 API gravity and 1.8% sulfur content.
The K factor for light-sour September Olmeca deliveries to the Americas also saw an increase of $1.80 from August to plus $6.65/b while shipments for Europe remained steady for the second consecutive month at minus $1.50/b.
Olmeca has a 39.3 API gravity and 0.8% of sulfur content, and PMI does not ship cargoes of this grade to Asia or to the USWC.
--Maria Eugenia Garcia, firstname.lastname@example.org
--Edited by Jonathan Dart, email@example.com