VOL. XLII

No. 03

18-January-1999

OPEC

Pemex Formula Prices For February

Mexicos Pemex has raised its price formulas for the Americas and Europe for February, but reduced those for the Far East. Prices to the Americas rose by 10-15 cents/B, those to Europe increased by 10 cents/B, and formulas for the Far East were reduced by 10-30 cents/B. The following table gives the adjustment factors for Mexican crudes for the June-December 1998 and January-February 1999 periods ($/B):

K Factor*

Maya

Isthmus

...