VOL. XXXVII

NO. 1

4 OCTOBER 1993

OIL PRICES

Libyan Crude Price Formulas Unchanged For October

Libya's National Oil Corporation (NOC) has notified term customers that theOctober price formulas for its light crudes will remain unchanged fromSeptember. This is the fourth consecutive month that Libyan price formulas haveremained the same. Also unchanged is the price formula for the heavy offshoreBouri crude (26 API) at Iranian Heavy (delivery Sidi Kerir) minus $0.50/B.

Bearing in mind that new UN...