VOL XXXI

NO. 6

16-NOVEMBER-1987

NORTH YEMEN

Negotiations Still Underway on Prices and Marketing Agreements

MEES learns that the oil authorities in North Yemen are still reviewing theprice formula to be adopted for their 37-40 API low-sulfur crude oil exports,which are expected to start in mid-December. The previous proposal, which calledfor a spot-based price formula composed one-third of Brent, one-third of WTI andone-third of Dubai for sales to all destinations with no freight differentials,has...