No. 01

5 January 1998


Libya Cuts Crude Price Formulas For January

Libya has reduced the January crude price formulas for most of its crudes by 5-7cents/B. Zueitina, Brega, Sirtica and Es Sider were cut by 7 cents/B, while Sarir wasmarked down by 5 cents/B. Amna and Bu Attifel remained unchanged from December. Meanwhilethe heavy offshore Bouri crude (26ยบ API) also remained unchanged at Iran Heavy ex-SidiKerir minus 20 cents/B. The following table shows the adjustment factors for...