No. 02

10 January 2000


Yemen Adjusts February Price Formulas; Production Running At 421,500 B/D

Yemens oil marketing authorities have lowered the February 2000 price formulas for Marib Light crude by 50 cents/B while increasing that of Masila by 10 cents/B. Several companies are expected to lift Masila crude during February, including Sinochem, Unipec, Total and Arcadia but the volumes for each have not been announced. For Marib Light, Glencore and Aracadia are each expected to...