VOL. XXXIX No. 54 7-October-1996YEMEN

Yemen Lowers Price Formulas For 4Q

MEES learns that Yemen's oil marketing authorities have lowered (and not rolled over as was reported earlier, MEES 9 September) the fourth quarter price formulas for term customers by 10-20 cents/B. Marib Light (49.2ｰAPI) was decreased to Dated Brent minus 20 cents/B, compared to Parity to Dated Brent in 3Q, while Masila (31.6ｰ API) was reduced to Dated Brent minus 55 cents/B, compared to Dated Brent minus 45 cents/B...