VOL. XXXI

NO. 17

1-FEBRUARY-1988

MARKET FOCUS SHIFTS TO AFRICA/MEDITERRANEAN

After a period when market interest was generally centered on the priceintentions of Gulf suppliers, the focus now seems to have shifted somewhattowards the African exporters. In particular, buyers are watching thesituation in Libya where oil sales have been severely curtailed over the pastmonth due to the lack of price concessions.

During January it is reckoned that Libya's export sales plus local refininghave been...