NO. 37


Oil Prices

Yemen Drops 3Q Crude Prices

Yemen has reduced the price formulas for its Marib Light and Masila crudes by15 cents/B for the third quarter of 1995. The formula for Marib Light for theperiod will be Dated Brent plus 10 cents/B as compared to Dated Brent plus 25cents/B during 2Q. The formula for Masila will be Dated Brent minus 40 cents/B,down from the previous Dated Brent minus 25 cents/B. The following table showsthe adjustment factors for Marib Light and...