VOL. XLII

No. 31

2-August-1999

OPEC

Libya Raises August Price Formulas

Libya has increased its August price formulas by 30-40cents/B, except for offshore Bouri crude which remained at Iranian Heavyex-Sidi Kerir minus 20 cents/B. The following table shows the adjustmentfactors for Libyan crudes in relation to Dated Brent during 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Zueitina

-0.05

+0.20

Parity

-0.20

-0.25

-0.25

-0.45

-0.10

Brega

+0.25

+0.55

...