VOL. XXXIII

NO. 39

2-JULY-1990

Oil Prices

Libya Lowers 3Q Price Formula by 10-15 Cents/B

MEES learns that Libya's price formula for the third quarter of 1990 providesfor a decrease of 10-15 cents/B as compared with the second quarter of thisyear. The price of the main crude Es Sider (37ΓΈ API) has been reduced to DatedBrent minus $0.50/B (compared to minus $0.40/B in 2Q), while the other crudeshave been cut by around 10-15 cents/B. It is further understood that a newmechanism has been included in...