NO. 52


Oil Prices

Libya Raises 4Q Price Formula; Production at 1.4-1.5mn b/d

MEES learns that Libya's price formula for the fourth quarter provides for anincrease of $0.65-1.25/B as compared with the third quarter. The price of themain crude Es Sider (37 API) has been increased to Dated Brent plus $0.20/B(compared to minus $0.50/B in 3Q), while Zueitina (41 API) was raised by$1.20/B and Brega (40 API) by $1.15/B. It is understood that third quarterprices have been raised...