Dateline 2013-09-10:
Malaysia’s state energy firm Petronas is considering setting up a new mechanism to price oil produced in the Asia-Pacific that could better reflect demand and supply in the region, sources familiar with the matter said on Tuesday.
The plan comes two years after the second largest oil producer in Southeast Asia dropped a volatile Asian price marker for dated Brent pricing, a move that also prompted Vietnam and Brunei to change their benchmark.
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Wata - Malaysian Oil and Gas Engineer 