Table-Mexico sets Feb Maya price for Americas, European buyers

miércoles 13 de enero de 2016 14:57 GYT
 

MEXICO CITY, Jan 13 - Mexican state-owned oil company Pemex
 revised its February 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
in the United States, Europe and Asia:
    
       
   DESTINATION       Jan CONSTANT      Feb CONSTANT
 ----------------  ----------------   ---------------
  AMERICAS                                   
 Maya crude             - 2.85            - 1.90
                                      
 Isthmus crude          - 1.90            - 2.85
                                      
 Olmeca crude           + 0.50            - 0.10
                                      
                                             
  U.S WEST COAST                             
 Isthmus crude          - 0.10            - 1.25
                                             
      EUROPE                                 
 Maya crude             - 5.15            - 3.80
                                      
 Isthmus crude          - 3.55            - 3.95
                                      
 Olmeca crude           - 3.25            - 3.25
                                             
     FAR EAST                                
 Maya crude             - 11.95           - 11.00
                                      
 Isthmus crude          - 4.60            - 4.00
                                      
 ----------------  ----------------   ---------------
 

       
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