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Malaysia's Petronas sets Mar MCO OSP premium at $4.05/b to Dated Brent, down from Feb

Petronas has lowered the March Malaysian Crude Oil official selling pricedifferential by 15 cents/b from February to a premium of $4.05/b to PlattsDated Brent crude assessments, the state-owned company said Tuesday.

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The MCO OSP differential is set each month taking into account a numberof factors such as the average premium or discount to Platts Dated Brent crudeassessments achieved in physical spot sales of Labuan, Miri Light, Kikeh andKimanis loading in the month.

Petronas also takes into consideration the assessments of those gradesduring a specific time period by price information providers such as Platts,RIM and Argus.

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

--Andrew Toh, andrew.toh@spglobal.com

--Atsuko Kawasaki, atsuko.kawasaki@spglobal.com

--Edited by E Shailaja Nair, shailaja.nair@spglobal.com