Late on Friday, Malaysian state-oil company Petroleum Nasional Bhd. (Petronas) announced the Malaysian Crude Oil (MCO)’s price factor for June at a record low level of -USD4.20/barrel.
The level was down by USD6.40/barel from May level and is added to the average of dated Brent prices published in the month, deriving the country’s crude official selling price (OSP).
