TABLE-Mexico's Pemex sets August Maya price for international buyers

miércoles 13 de julio de 2016 12:25 GYT
 

MEXICO CITY, July 13 (Reuters) - 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
for the company's international buyers:
    
       
   DESTINATION       JULY CONSTANT     AUG CONSTANT
 ----------------  ----------------   ---------------
     AMERICAS                                
 Maya crude              -0.45             -1.45
                                      
 Isthmus crude           -0.25             -0.75
                                      
 Olmeca crude            +0.35             -0.10
                                      
                                             
  U.S WEST COAST                             
 Isthmus crude           -2.10             -3.10
                                             
      EUROPE                                 
 Maya crude              -4.05             -4.10
                                      
 Isthmus crude           -2.05             -2.85
                                      
 Olmeca crude            -1.40             -2.35
                                             
     FAR EAST                                
 Maya crude             -10.05            -10.20
                                      
 Isthmus crude           -2.05             -2.65
                                      
 ----------------  ----------------   ---------------
 

       
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)