VOL. XLI

No. 10

9-March-1998

YEMEN

Yemen Makes Sharp Cuts To 2Q 1998 Masila Price Formula

MEESlearns that Yemen's oil marketing authorities have sharply reducedthe price formula for its Masila crude for term customers for the second quarter of 1998.Masila was reduced by $1.43/B to Dated Brent minus $1.85/B for the second quarter,compared with Dated Brent minus 42 cents/B in the first quarter. Marib Light, meanwhile,was placed at parity with Dated Brent, but negotiations are still underway on a...