VOL. XLIII

No. 06

7 February 2000

YEMEN

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):

1999

2000

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Marib Light...