Yemen Raises December Price Formulas
Yemen痴 oil marketing authorities have raised the Decemberprice formulas for the Masila and Marib Light crudes by 1 cent/B and 2 cents/Brespectively. During December Arcadia and Caltex are expected to each lift acargo of 500,000 barrels of Marib Light, while BP Amoco, Sinochem, Vitol,Arcadia, Total and Mitsui will each lift a 500,000 barrel cargo of Masila. Thefollowing table shows the adjustment factors for Marib Light and...
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