Syria Lowers October Formula Price For Light Crude
Syrias state agency Sytrol has reduced the October price formulafor its Syrian Light crude by 50 cents/B to Dated Brent minus 60 cents/B. Negotiations arestill underway with regard to Syrian Heavy, with the October formula expected to fallbetween Dated Brent minus $2.90/B and $3.05/B.
MEES understands that Syria will ship 13 or 14 cargoes of SyrianLight and three cargoes of Syrian Heavy during October. Each...