VOL. XLI

No. 41

12-October-1998

YEMEN

Yemen Cuts November Price Formula For Masila Crude

Yemens oil marketing authorities have reduced the monthly priceformula for Masila crude for November by 95 cents/B to Dated Brent minus 95 cents/B. Yemensets the price of its Masila crude on a monthly basis, while Marib Light is set quarterly.Marib will remain at parity with Dated Brent for November loadings. The following tableshows the adjustment factors for Marib Light and Masila grades in relation to...