VOL. XXII

NO. 10

12-DECEMBER-1988

OPEC AND OILPRICES

Yemen BasesPrice Formula for 1989 on WTI and Brent

MEES learns thatNorth Yemen has proposed a price formula for Marib Light (40.4 API) in 1989based on a benchmark of WTI for American purchasers and dated Brent for Europeancustomers, not on a WTI reference alone for all companies as was reportedearlier (MEES, 5 December). The General Department of Crude Oil Marketing sent atelex on 23 November to a short list of 17 European and American companies...