No. 02



Yemen Increases February Crude Price Formulas

Yemens oil marketing authorities have increased the monthly priceformulas for their Marib Light and Masila crudes for February. Marib Light was raised by 6cents/B to Dated Brent plus 20 cents/B, while Masila was marked up by 19 cents/B to DatedBrent minus 30 cents/B. The following table shows the adjustment factors for Marib Lightand Masila grades in relation to Dated Brent during the last six months of 1998 and...