VOL. XLI

No. 24

15-June-1998

YEMEN

Yemen Reduces July Price Formula For Masila Crude, Marib Remains Unchanged For 3Q

Yemen's oil marketing authorities have reduced the monthly price formula for Masilacrude for July by 48 cents/B to Dated Brent minus $1.75/B, and left the third quarterprice for Marib Light at parity with Dated Brent. Yemen sets the price of its Masila crudeon a monthly basis, while Marib Light is set quarterly. The following table shows theadjustment factors for Marib Light and...