7 February 2000
Yemen Reduces March Price Formulas
Yemens oil marketing authorities have reduced the March 2000 price formula for Marib Light by 35 cents/B to Dated Brent minus 35 cents/B and for Masila by 28 cents/B to Dated Brent minus 38 cents/B. The following table shows the adjustment factors for Marib Light and Masila grades in relation to Dated Brent during the second half of 1999 and the first quarter of 2000 ($/B):
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