Petronas says no plan to change Brent benchmark for crude pricing
SINGAPORE, Sept 12
SINGAPORE, Sept 12 (Reuters) - Malaysia state energy firm Petronas said on Thursday it does not plan to change the benchmark used to price its crude oil.
"Petronas has adopted the Brent-based pricing mechanism since June 2011 and has no plans to change this basis," the company said in a statement.
Reuters reported earlier that Petronas is in talks with producers, buyers and traders on setting up a new mechanism to price oil produced in the Asia-Pacific to better reflect regional supply and demand. (Reporting by Florence Tan; Editing by Michael Urquhart)
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