Mexico's Pemex sets December crude oil prices for international buyers
PEMX•Pemex revised its term pricing formulas for crude sold to buyers in the Americas, Europe and Asia. December price constants fell for most grades and regions, including Maya crude in the Far East, which moved from -10.15 in November to -18.15.
1. December pricing changes
Pemex revised term pricing formulas for crude oil sold to customers in the Americas, Europe and Asia, its trading arm PMI Comercio Internacional said. The December constants cover Maya, Zapoteco, Istmo and Olmeca grades across five destination regions.
2. Regional constants
For Maya crude, the December constant was -16.05 for the US Gulf Coast, the Americas' Atlantic Coast and the Caribbean, compared with -14.15 in November. It was -14.75 for Europe and the Middle East, -18.65 for India and -18.15 for the Far East; the US West Coast and the Americas' Pacific Coast constant was -6.85.
