VOL. XLI

No. 18

4-May-1998

LIBYA

Libya Raises Most Crude Price Formulas For May

Libya has increased the May price formulas for most of it crudes, leaving only Zueitinaand heavy offshore Bouri crude (26ยบ API) unchanged. Bouri remains at Iranian Heavyex-Sidi Kerir minus 20 cents/B. The following table shows the adjustment factors forLibyan crudes in relation to Dated Brent for the second half of 1997 and the first fivemonths of 1998 ($/B):

1997

1998

Jul

Aug

Sep

Oct

Nov

...