TABLE-Mexico sets August Maya price for US, European buyers

miércoles 8 de julio de 2015 11:59 GYT
 

MEXICO CITY, July 8 (Reuters) - Mexican state-owned oil
company Pemex revised its August term pricing formulas
for crude oil shipped to customers in the United States, Europe
and Asia, the company said on Wednesday.
    The following table lists the adjustments to price constants
for the company's international buyers:
    
       
   DESTINATION       JULY CONSTANT     AUG CONSTANT
 ----------------  ----------------   ---------------
  UNITED STATES                              
 Maya crude              -0.55             -2.15
                                      
 Isthmus crude           +1.40             +0.40
                                      
 Olmeca crude            +2.75             +2.25
                                      
                                             
  U.S WEST COAST                             
 Isthmus crude           +2.45             +2.45
                                             
      EUROPE                                 
 Maya crude              -5.65             -6.40
                                      
 Isthmus crude           -1.80             -1.75
                                      
 Olmeca crude            -2.40             -2.05
                                             
       ASIA                                  
 Maya crude              -9.65            -10.00
                                      
 Isthmus crude           -3.25             -3.05
                                      
 ----------------  ----------------   ---------------
 

       
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 
    
*Pemex suspended Maya crude exports to the U.S. West Coast in
2008, and as such has suspended the use of the formula  

 (Reporting by David Alire Garcia)