VOL. XXXVI

NO. 24

15-MARCH-1993

OIL PRICES

Yemen Crude Price Formula Unchanged for Q2

Yemen's oil marketing authorities have maintained the second-quarter priceformula for term customers for Marib Light crude (40 API) unchanged from thefirst quarter at Dated Brent plus $0.40/B. The Yemeni prices for alldestinations are FOB Ras 'Isa and determined five days around B/L, with payments30 days from B/L. The following table shows the adjustment factor for MaribLight for the first two quarters of 1993...