No. 21



Yemen Masila Crude Price Formula Down 10 Cents/B For July

Yemen痴 oil marketing authorities have reduced the Julyprice formula for Masila by 10 cents/B to Dated Brent minus 29 cents/B. TheJuly price formula for Marib Light has yet to be determined. The YemeniGovernment痴 share of Masila production for July will be 135,000 b/d, while itwill take 25,000-30,000 b/d of Marib Light. The following table shows theadjustment factors for Marib Light and Masila grades in...