VOL. XXXV

NO. 31

4 MAY 1992

Oil Prices

Libyan Price Formulas for May

Libya's National Oil Corporation (NOC) has reduced the May price formulas forits Zueitina and Brega crudes by 15 cents/B, putting them at Dated Brent plus 25cents/B compared to Dated Brent plus 40 cents/B in April. The May priceformulas for all the other Brent-related crudes remained unchanged from theprevious month. The price of the heavier offshore Bouri crude (26 API) alsoremained the same at Iranian Heavy (delivery Sidi...