Libya Cuts Some May Price Formulas
Libya has reduced some of its May price formulas by 5cents/B. Zueitina, Sirtica, Es Sider, Bu Attifel and Sarir were cut, but Brega,Amna and Esharara were unchanged. The offshore Bouri crude also remainedunchanged at Iranian Heavy ex-Sidi Kerir minus 20 cents/B. The following tableshows the adjustment factors for Libyan crudes in relation to Dated Brent forthe second half of 1998 and the first five months of 1999 ($/B):
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