Yemen Raises 1Q 1998 Price Formulas
Yemen's oil marketing authorities have increased the formula prices for term customersfor the first quarter of 1998. Marib Light crude was increased by 10 cents/B to DatedBrent plus 10 cents/B for 1Q 1998 from parity with Dated Brent during 3Q 1997. Masila wasalso marked up by 10 cents/B to Dated Brent minus 42 cents/B for 1Q 1998 from Dated Brentminus 52 cents/B during 3Q 1997. Yemeni prices for all destinations are FOB...