VOL. XLII

No. 02

11-January-1999

YEMEN

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...