VOL. XLI

No. 19

11-May-1998

YEMEN

Yemen Raises June Price Formula For Masila Crude

Yemen's oil marketing authorities have raised the monthly price formula for Masilacrude for June to Dated Brent minus $1.27/B. Yemen has decided henceforth to price itsMasila crude on a monthly basis, while Marib Light will continue to be priced on aquarterly basis. The following table shows the adjustment factors for Marib Light andMasila grades in relation to Dated Brent for the first half of 1998 ($/B):

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