Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Yemen Cuts March Masila Crude Premium to $2.15 Over Brent

Jan. 8 (Bloomberg) -- Yemen cut the premium for March shipments of Masila Blend oil by 27 percent from a month earlier, to $2.15 a barrel above the European benchmark Dated Brent crude, the state oil committee said.

The Middle Eastern state will sell 2.5 million barrels of Masila Blend to trader Arcadia Petroleum Ltd. at that price, according to an e-mailed statement today from the state oil committee. Yemen will issue a tender to sell the remaining 600,000 barrels of the grade available for purchase in March.

The March premium for Masila crude is lower than the price of $2.93 a barrel Yemen charged above the Dated Brent price for February cargoes. Yemen kept the premium for Marib Light grade crude at parity with Dated Brent, according to the statement.

To contact the reporter on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.net.

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.