VOL. XXX

NO. 21

2-MARCH-1987

OPEC/NON-OPEC AND OIL PRICES

Mexico Adjusts Price Formula for Europe

Mexico's recent decision to alter the price formula for crude deliveries toits European customers with effect from 1 March - with an upward adjustment of40 cents/B for light Isthmus crude and 50 cents/B for heavy Maya crude - is inthe nature of a technical correction designed to restore an appropriaterelationship between the Mexican crudes on the one hand and North Sea Brent onthe other, MEES...