Tuesday, May 08, 2012
SINGAPORE (Dow Jones)--Yemen has posted its official selling price for Masila crude oil at $1.12 a barrel over Dated Brent for July supply, down 51 cents from the previous month, the High Ministerial Committee for Crude Oil Marketing said in a statement Tuesday.
Unipec UK won the tender and will be awarded the entire quantity of 2.70 million barrels of the high-sulfur or "sour" Masila crude on offer, it said.
Yemen kept the OSP for Marib Light crude oil--the low-sulfur or "sweet" grade--unchanged at parity to Dated Brent.
The crude oil official selling prices posted by Yemen General Corp. for Oil and Gas, in U.S. dollars a barrel as a differential to dated Brent, are as follows:
Crude July June Change
Masila +1.12 +1.63 -0.51
Marib Light +0.00 +0.00 +0.00
-By Gurdeep Singh, Dow Jones Newswires; 65-6415 4064; gurdeep.singh@dowjones.com
(END) Dow Jones Newswires
08-05-12 0238GMT
