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Mexico sets Aug pricing formulas for US, European buyers

 

 

 

MEXICO CITY
Petroleumworld 07 13 2017

Mexican state-owned oil company Pemex revised its August 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 JULY CONSTANT AUG CONSTANT ---------------- ---------------- --------------- -

AMERICAS

Maya crude -1.30 -1.30

Isthmus crude +3.20 +3.20

Olmeca crude +3.70 +3.70

U.S WEST COAST

Maya crude -4.15 -5.00

EUROPE

Maya crude -2.40 -3.20

Isthmus crude -0.40 -1.60

Olmeca crude -1.20 -1.50

FAR EAST

Maya crude -8.10 -8.30

Isthmus crude -2.50 -2.95

 

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



Report from Reuters.

reuters
.com
07 12 2017

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