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Brunei Shell raises Apr Seria Light, Champion crude OSPs from Mar

Singapore — Brunei Shell has raised the official selling price of Seria Light crude lifted in April by $5.24/b from March to $75.36/b, market sources said Monday.

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The April OSP for Champion crude was set at $75.41/b, $5.24/b higher month on month.

The April OSP for Champion was 5 cents/b higher than the April OSP for Seria Light.

The April OSP for Seria Light was set at parity to the April OSP for Malaysia's Tapis Blend crude.

Seria Light is typically priced at a fixed price differential to Tapis crude.

Brunei Shell is a 50:50 joint venture between the Brunei government and Shell.

BRUNEI SHELL'S CRUDE OSPs ($/b)

Grade Jan Feb Mar Apr Change
Seria Light 63.56 68.03 70.12 75.36 5.24
Champion 63.61 68.08 70.17 75.41 5.24

--Avantika Ramesh, avantika.ramesh@spglobal.com

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

--Edited by Manish Parashar, manishparashar@spglobal.com