VOL. XXXIII

NO. 49

10-SEPTEMBER-1990

Oil Prices

Yemen Proposes New Price Formula for 4Q

MEES learns that Yemen's General Department of Crude Oil Marketing hasproposed to term customers a new price formula for Marib Light crude (40.4API) for the fourth quarter based on parity with Nigeria's B-B-Q, currentlypriced at Dated Brent plus 60-70 cents. It is understood that depending on thereaction of the customers to this new formula, and the financial and productneeds of the country, the Yemen...