Pemex adjusts June price constants

The working group for hydrocarbons exports (Giceh) of Mexico's state oil company Pemex has issued new constant figures for use in calculating export crude prices, which will come into effect June 1, Pemex said in a statement Thursday. For deliveries to the Americas, the constant for Istmo light crude and Olmeca extra-light crude will increase US$0.20/b and the constant for Maya heavy crude will decrease US$0.15/b. The constant for Maya for delivery to the US West Coast will fall US$0.30/b. For sales to Europe, the constants for Maya will decrease US$0.15/b, while the Istmo constant will remain unchanged. For sales to the Far East, the Istmo constant will increase US$0.15/b and that for Maya will decrease US$0.40/b.