Yemen Reduces January Price Formulas
Yemen痴 oil marketing authorities have reduced the January2000 price formulas for Masila and Marib Light crudes by 1 cent/B and 2 cents/Brespectively. During January, Arcadia, Sinochem, Vitol and Trafigura are eachexpected to lift a cargo of 500,000 barrels of Masila, while Unipec will lift acargo of 1mn barrels. For Marib Light, Arcadia and Caltex are each to lift acargo of 500,000-550,000 barrels. The following table...