Petronas raises March crude price factor to record high of $9.30/bbl
* State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for March at $9.30 per barrel, up 10 cents from the previous month and the highest on record, the company said on Thursday
* The monthly price factor is added to the average of Platts’ dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP)
* Petronas changed its OSP mechanism effective January 2017, basing its benchmark price on a basket of four Malaysian crude grades Labuan, Miri Light, Kikeh and Kimanis
Source: Reuters (Reporting By Shu Zhang; Editing by Aditya Soni)