No. 10

16 March 1998


Libya Cuts March Crude Price Formulas

Libya has reduced its March crude price formulas by 15-35 cents/B. Es Sider was cut by35 cents/B, Sirtica by 25 cents/B, and Zueitina by 15 cents/B. Brega, Bu Attifel, Sarirand Amna were all marked down by 10 cents/B. Only the heavy offshore Bouri crude (26ÂșAPI) remained unchanged for March at Iranian Heavy ex-Sidi Kerir minus 20 cents/B. Thefollowing table shows the adjustment factors for Libyan crudes in relation to...