Marib Light 2Q Price Confirmed At Parity With Dated Brent
MEES confirms that the second quarter 1998 price formula for Marib Light will beparity with Dated Brent, down 10 cents/B from the first quarter price formula. Productionof Marib Light is now between 135,000-140,000 b/d. Export volumes of Marib Light amount toonly 20,000 b/d with 5,000 b/d purchased by Arcadia (the European arm of Mitsui) and 5,000b/d by the Emirates National Oil Company (ENOC). The...