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Pemex sets March Maya oil price for international buyers

 

 

By Reuters

MEXICO CITY
Petroleumworld 02 08 2018

Mexico's state-run oil company Pemex revised its March term pricing formulas for crude oil shipped to customers in the Americas, Europe and the Far East, the company said on Wednesday.

The following table lists the adjustments to price constants in the Americas, the U.S. West Coast, Europe and the Far East:

DESTINATION / FEB CONSTANT / MAR CONSTANT

AMERICAS

Maya crude -2.05 / -2.30

Isthmus crude +1.90 / +1.90

Olmeca crude +3.50 / +3.50

U.S WEST COAST

Maya crude -3.40 / -3.40

Isthmus crude +1.20 / +1.20

EUROPE

Maya crude -5.35 / -5.65

Isthmus crude -1.25 /-1.40

Olmeca crude -1.50 /-1.50

FAR EAST

Maya crude -8.25 / -8.85

Isthmus crude -1.05 /-1.20

FORMULAS (K IS PEMEX CONSTANT):

MAYA: 0.40 (West Texas Sour + Fuel Oil 3%) + 0.10 (Louisiana Light Sweet + Brent dated) + K

ISTHMUS: 0.40 (West Texas Sour + Louisiana Light Sweet) +0.20 (Brent dated) + K

OLMECA: 0.333 (West Texas Sour + Louisiana Light Sweet+Brent dated) + K

OLMECA EUROPE: Brent Dated + K

MAYA W. COAST: 0.333 (West Texas Intermediate + Alaskan North Slope + Kern River) + K



Reporting by Daina Beth Solomon; Editing by Michael O'Boyle from Reuters

reuters.com
02 07 2018

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