VOL. XXXVII

NO. 24

14-MARCH-1994

Yemen

Yemen 2Q Price Formulas

MEES learns that Yemen's Oil Marketing Authority has maintained thesecond-quarter price formula for term customers for Marib Light (40√łAPI)unchanged from the first quarter at Dated Brent plus 20 cents/B. However, the 2Qprice formula for Masila (30.50√łAPI) crude has been increased to Dated Brentminus $1.15/B, compared to Dated Brent minus $1.65/B in 1Q. Masila crude hasbeen fetching better prices as it becomes better known in the...