No. 15

8 January 1996


Libya Raises January Crude Price Formulas By 5-20 Cents/B

Libya has raised its crude oil price formulas for January by 5-20 cents/B from December. Es Sider crude was increased by 20 cents/B and Sirtica was upped by 18 cents/B. All other Libyan crudes were increased by 5 cents/B, including the heavy offshore Bouri (26ー API) crude, which was put at Iranian Heavy ex-Sidi Kerir minus 25 cents/B. The following table shows the adjustment factors for...