NO. 52


Oil Prices

Yemen Raises 4Q Crude Price Formula by 5 Cents/B

Yemen's oil marketing authorities have raised the fourth quarter priceformula for Marib Light crude to Dated Brent plus 40 cents/B, an increase of 5cents/B over the level prevailing during the past three quarters. The Yemeniprices for all destinations are FOB Ras 'Isa and determined at around five daysfrom B/L, with payments 30 days from B/L. MEES soundings indicate that the 1992term customers (Mobil,...