VOL. XXXVII

NO. 5

1 NOVEMBER 1993

Oil Prices

No Change InLibyan Price Formulas For November

Libya's NationalOil Corporation (NOC) has notified term customers that the November priceformulas for its light crudes will remain unchanged from October. This is thefifth consecutive month that Libyan price formulas have been rolled over. Alsounchanged is the price formula for the heavy offshore Bouri crude (26øAPI) atIranian Heavy (delivery Sidi Kerir) minus $0.50/B. MEES understands that allLibyan crude...