27 FEBRUARY 1989
OPEC AND OIL PRICES
Indonesia Sets March Price for Minas Equivalent to OSP
Indonesia's Pertamina has set $17.56/B as the price of March deliveries ofMinas crude to Japan, through Japan-Indonesia Oil (JIO) and Far East Oil (FEO),unchanged from the February price. This is equivalent to the official sellingprice (OSP) for Minas crude.
This compares with Minas prices of $15.00/B ($2.56/B below OSP) for Januaryand $12.00/B ($5.00/B below OSP) for December 1988.