No. 23



Yemen 2Q Price Formulas

Yemen's oil marketing authorities have raised the second quarter price formulas for term customers for Marib Light to Dated Brent plus 15 cents/B, an increase of 15 cents/B over the first quarter, and for Masila to Dated Brent minus 20 cents/B, an increase of 20 cents/B. Yemeni prices for all destinations are FOB and determined five days around B/L, with payments 30 days from B/L.

Total volume for 1996 contract liftings of...