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 | ... |
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