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...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!