No. 22

2 June 1997


Libya Increases Crude Price Formulas For June

Libya has increased it crude price formulas for June by 5-10 cents/B.Zueitina and Brega were marked up by 10 cents/B, while all other crudes were raised by 5 cents/B, theexception being the heavy offshore Bouri crude (26ー API) which remained unchanged at Iranian Heavyex-Sidi Kerir minus 35 cents/B. The following table shows the adjustment factors for Libyancrudes in relation to Dated Brent for the fourth quarter of...