No. 24



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...