Yemen's 4Q Price Formula
MEES learns that Yemen has agreed with three of its term customers for theexport of approximately 50,000 b/d Marib Light crude (40.4øAPI) for the fourthquater based on parity with Nigeria's B-B-Q, currently priced at Dated Brentplus 60-70 cents. The third quarter price formula for US destinations was DatedBrent plus 10 cents/B FOB Ras 'Isa, and for Europe Dated Brent plus 5 cents/BFOB Ras 'Isa. The three companies that have...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!