NO. 32


Crude Prices

Libya Reduces Es Sider Price Formula for Second Quarter

MEES learns that the Es Sider (37ΓΈ) price formula for the second quarter hasbeen reduced five cents from that announced earlier to become Dated Brentminus 40 cents/B instead of Dated Brent minus 35 cents/B (MEES, 16 April). Theprices for the other crudes have remained unchanged. The following table showsthe amended 2Q adjustment factors for the various Libyan crudes in relation toDated Brent spot...