VOL. XXXVIII

NO. 15

9 JANUARY 1995

Oil Prices

Libyan Oil Price Formulas For January Unchanged

Libya has left its crude oil price formulas for the month of Januaryunchanged from December. The heavy offshore Bouri (26ΓΈ API) crude also remainedunchanged at Iranian Heavy ex-Sidi Kerir minus $0.25/B.

As of 1 January, Libya implemented new pricing formulas (MEES, 26 December)whereby the formulas for its light crudes will be calculated on the average ofDated Brent for the whole month in which the cargoes...