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Yemen Cuts June Masila Crude OSP to $1.63/BBL Premium

Yemen Cuts June Masila Crude OSP to $1.63/BBL Premium

Yemen has set the official selling price of its Masila crude for loading in June at a premium of $1.63 a barrel to dated Brent, down 92 cents from the previous month, its government said late Monday.

April 10, 2012 2:48 by



Yemen has set the official selling price of its Masila crude for loading in June at a premium of $1.63 a barrel to dated Brent, down 92 cents from the previous month, its government said late Monday.

Unipec UK bought all 3 million barrels of Masila crude offered, and there will be no additional barrels offered, it said in a statement.

The government also set the June OSP for Marib Light crude at parity to dated Brent, steady from the previous month. It did not announce quantities for June Marib Light.

(Reporting by Osamu Tsukimori; Editing by Joseph Radford)



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