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Brunei Shell raises May Seria Light crude OSP by $5.03/b from Apr to $79.33/b: sources

Singapore (Platts)--13 Jun 2018 444 am EDT/844 GMT


Brunei Shell has raised the official selling price of Seria Light crude lifted in May by $5.03/b from April to $79.33/b, market sources said Wednesday.

The May OSP for Champion crude was also set at $79.33/b, at parity to Seria Light.

The May OSP for Seria Light and Champion were set at parity to the May OSP for Malaysia's Tapis Blend crude.

Seria Light is typically priced at a fixed price differential against Tapis crude.

Brunei Shell is a 50:50 joint venture between the Brunei government and Shell.

--Ada Taib, ada.taib@spglobal.com

--Edited by Norazlina Juma'at, norazlina.jumaat@spglobal.com




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