VOL. XXXVI
NO. 38
21-JUNE-1993
OIL PRICES
Yemen Cuts 3Q Crude Price Formula By 10 Cents/B
Yemen's oil marketing authorities have lowered the third quarter priceformula on Marib Light (40 API) crude to Dated Brent plus 30 cents/B, comparedto Dated Brent plus 40 cents/B during the first half of the year. The Yemeniprices are FOB Ras 'Isa and determined at five days around Bill of Lading (B/L),with payment 30 days from B/L. Liftings in the second quarter included threeJapanese firms: Showa Shell...
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