VOL. XXXVII

NO. 11

13-DECEMBER-1993

Oil Prices

Syria Switches Pricing Of Light Crude To Dated Brent

MEES learns from Syria's Petroleum Marketing Department that, starting inJanuary 1994, the export price of Syrian Light crude (36ΓΈ API, 0.68% sulfur)will be switched from Es Sider spot on a two-monthly basis to Dated Brentmonthly. The reason is that spot trade in Es Sider has virtually dried upfollowing the decision by Libya last August to sell only to end-users withrestrictions on onward selling....