Issue No. 23



Yemen Raises Price Formulas For 3Q

MEES learns that Yemen's oil marketing authorities have increasedthe price formulas for the third quarter of 1997 for term customers by 5-15 cents/B. MaribLight was raised by 5 cents/B to Dated Brent minus 10 cents/B, compared with Dated Brentminus 15 cents/B for the second quarter of 1997, while Masila was marked up to Dated Brentminus 35 cents/B, compared with Dated Brent minus 50 cents/B in the second quarter. Yemeni...