VOL. XXXIV
NO. 27
8-APRIL-1991
Oil Prices
Yemen Cuts 2Q Crude Price Formula by 20 Cents/B
MEES learns that Yemen's General Department of Crude Oil Marketing haslowered the second quarter price formula on Marib Light (40.4 API) crude toDated Brent plus 5 cents/B, compared to Dated Brent plus 25 cents/B during thefirst quarter. The Yemeni prices are FOB Ras 'Isa and determined at around fivedays from Bill of Lading (B/L), with payment 30 days from B/L.
Yemen's volume contracts with its term customers...
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