No. 05

2 February 1998


Libya Reduces February Crude Price Formulas

Libya has cut the February crude price formulas for most of its crudes by 5-23 cents/B.Es Sider was reduced by 23 cents/B, Sarir and Amna were marked down by 20 cents/B,Zueitina and Sirtica were cut by 15 cents/B, and Brega and Bu Attifel were lowered by 8cents/B and 5 cents/B respectively. Only the heavy offshore Bouri crude (26ยบ API)remained unchanged for February at Iran Heavy ex-Sidi Kerir minus 20 cents/B....