VOL. XL No. 1912 May 1997


Libya Leaves Most Crude Price FormulasUnchanged For May

Libya has left the crude price fomulas for most of its crudes unchanged for Maywith only Brega, Sarir and Amna being increased by 5 cents/B over last month'sprices. The heavy offshore Bouri crude (26ー API) also remained unchanged atIranian Heavy ex-Sidi Kerir minus 35 cents/B. The following table shows theadjustment factors for Libyan crudes in relation to Dated Brent for the fourthquarter of 1996 and the...