VOL. XXXIV
NO. 39
1-JULY-1991
Oil Prices
Yemen Increases 3Q Crude Price Formula by 2 Cents/B
MEES learns that Yemen's crude oil marketing authorities have increased thethird quarter price formula for Marib Light (40.4 API) crude to Dated Brentplus 7 cents/B, compared to Dated Brent plus 5 cents/B during the secondquarter. The Yemeni prices for all destinations are FOB Ras `Isa and determinedat around five days from Bill of Lading, with payments 30 days from B/L.
Term customers for the 3Q include...
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