VOL. XL

No. 12

24-March-1997

YEMEN

Yemen Raises Price Formulas For 2Q

MEES learns that Yemen's oil marketing authorities haveincreased the price formulas for the second quarter of 1997 for term customers by 15-47cents/B. Marib Light was raised by 15 cents/B to Dated Brent minus 15 cents/B, comparedwith Dated Brent minus 30 cents/B for the first quarter of 1997, while Masila was markedup to Dated Brent minus 50 cents/B, compared with Dated Brent minus 97 cents/B. Yemeniprices for all...