Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list

Malaysia's Petronas sets Feb MCO OSP premium at $5.40/b to Dated Brent, down from Jan

LNG | Natural Gas | Natural Gas (European) | Natural Gas (North American)

Natural gas bulls rush into 2021, pushing Asian LNG to record highs


Platts Market Data – Oil

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Agriculture | Biofuels | Grains | Natural Gas | Oil | Refined Products | Gasoline

EU ethanol producers to ponder Q2 production cuts as crush margins near all-time lows

Commodities | Oil | Petrochemicals | Corporates

Insight Conversation: Christyan Malek, JP Morgan

Malaysia's Petronas sets Feb MCO OSP premium at $5.40/b to Dated Brent, down from Jan

Singapore — Petronas lowered the February Malaysian Crude Oil official selling price differential by 10 cents/b from January to a premium of $5.40/b to Platts Dated Brent crude assessments, the state-owned company said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

This is the first time the company has issued the OSP differential ahead of the pricing month.

A source with knowledge of the matter said that Petronas will "strive to publish [the alpha] before the [pricing] month starts".

Typically, Petronas issues the MCO OSP differential during the pricing month, and the outright MCO OSP following the conclusion of the pricing month.

In addition, the OSP differential spread between Tapis blend and the basket crude grades is expected to remain steady from last year at $1.40/b for 2019, the source said.

The MCO OSP differential takes into account a number of factors such as the average premium or discount to Platts Dated Brent crude assessments achieved in physical spot sales of Labuan, Miri Light, Kikeh and Kimanis loading in the month.

Petronas also takes into consideration the assessments of those grades during a specific time period by price information providers such as S&P Global Platts, RIM and Argus.

It also considers its buyers' views on trades and any recommendations they make on the value of the crude grades.

--Andrew Toh,

--Ada Taib,

--Edited by Wendy Wells,

Oilgram News

Platts Oilgram News brings fast-breaking global petroleum and natural gas news every day covering supply and demand trends, corporate news, government actions, exploration, technology, and much more. Click on the link below and we will set you up with a free trial.

Free Trial