VOL. XXXII

NO. 48

4-SEPTEMBER-1989

NORTH YEMEN

New Price Formula for Marib Light in 4Q

North Yemen's General Department of Crude Oil Marketing has agreed with itsterm customers on a new price formula for Marib Light (40.4) for the fourthquarter based on Dated Brent minus five cents/B FOB Ras 'Isa (compared to thethird quarter formula of WTI minus 85 cents/B for US destinations and DatedBrent plus five cents/B to Europe - MEES, 19 June). WTI was dropped as areference crude because its volatility in...