No. 27

6 July 1998


Yemen Raises August Price Formula For Masila Crude, Marib Remains Unchanged

Yemen's oil marketing authorities have raised the monthly price formula for Masilacrude for August by 10 cents/B to Dated Brent minus $1.65/B. Marib Light remains unchangedat its 3Q setting of parity with Dated Brent. Yemen sets the price of its Masila crude ona monthly basis, while Marib Light is set quarterly. MEES learns that scheduledAugust liftings of Masila crude will amount to...