VOL. XXXI
NO. 49
12-SEPTEMBER-1988
PRICE CHANGES
North Yemen
Price Formula for Second Half 1988
MEES learns that an agreement has finally been reached between North Yemenand its four crude oil contract customers over an average price for the secondhalf of the year. The price formula adopted is based on Platt's spot quotationsfor a 50-50 average of Dated Brent and Dubai crudes with a five-day average -two days before through two days after the loading date - plus 75 cents. Thefour customers for the...
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