VOL. XLI
No. 28
13-July-1998
LIBYA
Libya Cuts July Price Formulas
Libya has cut its July price formulas by 50 cents/B for most of its light crudes, theexception being Bu Attifel, which was reduced by 30 cents/B. Heavy offshore Bouri crude(26ยบ API) remained unchanged at Iranian Heavy ex-Sidi Kerir minus 20 cents/B. MEESlearns that the steep price reductions are due to complaints made by companies aboutLibya's June price level in relation to the rest of the oil market. The following tableshows...
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