Yemen Raises 4Q Formula For Marib, Cuts Masila
Yemen's oil marketing authorities have announced new fourth quarter prices for termcustomers. Marib Light crude was increased by 10 cents/B, bringing it to parity with DatedBrent, while the price formula for Masila was cut by 17 cents/B to Dated Brent minus 52cents/B. Yemeni prices for all destinations are FOB and determined five days around B/L,with payments 30 days from B/L. Prices for Yemeni crudes are...