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...
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