Yemen Raises October Price Formula For Masila Crude
Yemen's oil marketing authorities have raised the monthly price formula for Masilacrude for October by 80 cents/B to parity with Dated Brent. Yemen sets the price of itsMasila crude on a monthly basis, while Marib Light is set quarterly. Masila productionstands at around 190,000 b/d. The Yemeni Government's share of Masila for October amountsto 3mn barrels, all of which has been sold. The following table...