UPDATE 1-Petronas cuts March Tapis crude alpha to $5.80/bbl

(Adds table)
SINGAPORE, March 7 (Reuters) - Malaysian state oil firm
Petronas has lowered the Tapis crude price alpha factor for
March liftings to $5.80 per barrel, down $0.30 from the previous
month, an industry source said on Thursday.
The alpha factor is used to calculate the official selling
price (OSP) of Malaysia's main export crude. Below is a table of
the alphas for various grades:

Crude Differential to Differential to
Tapis term price dated Brent
Tapis - $5.80
Labuan +$1.30 $7.10
Miri Light +$1.00 $6.80
Dulang +$0.40 $6.20
Bintulu -$0.30 $5.50
Kikeh +$1.30 $7.10

(Reporting by Florence Tan; Writing by Osamu Tsukimori; Editing
by Paul Tait)