VOL. XLII

No. 31

2-August-1999

OPEC

Yemen Reduces September Masila Crude Price Formula;Production Nears 400,000 B/D

Yemen痴 oil marketing authorities have reduced the Septemberprice formula for its Masila crude by 18 cents/B to Dated Brent minus 33cents/B, but left Marib Light unchanged at Dated Brent plus 30 cents/B.France痴 Total and Arcadia (Mitsui痴 European arm) are scheduled to lift allMarib Light export availability during September. Masila lifters are Sinochem,Vitol, Arcadia, MOL Trade,...