VOL. XXXVIII

NO. 45

7 AUGUST 1995

Oil Prices

Libya Cuts Es Sider And Sirtica For August

Libya reduced the crude oil price formulas for its Es Sider and Sirticacrudes for the month of August by 15 cents/B and 5 cents/B respectively, leavingall other price formulas unchanged. The price of the heavy offshore Bouri (26√łAPI) crude also remained the same at Iranian Heavy ex-Sidi Kerir minus 25cents/B. The following table shows the adjustment factors for Libyan crudes inrelation to Dated Brent for August...