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Libya Cuts Es Sider Crude Price for July to 30 Cents Premium

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May 30 (Bloomberg) -- Libya’s state-run National Oil Corp. reduced its official selling price of benchmark Es Sider crude for July to the lowest in seven months, according to a price list obtained by Bloomberg News.

The price of the blend was cut by 55 cents to a premium of 30 cents a barrel to Dated Brent, the lowest since January when state-owned National Oil Corp. resumed releasing monthly official selling prices after a break of 10 months amid a rebellion against the country’s former leader Muammar Qaddafi.

Following is a table of prices of Libyan crude grades. The blends are priced in relation to Dated Brent, except Al-Jurf and Bouri, which are based on Urals in the Mediterranean.

----------------------------------------------------------
Grade                July           June         Change
Abu Attifel         +$2.20         +$2.20        $0.00
Amna                +$1.00         +$1.00        $0.00
Brega               +$0.10         +$0.30       -$0.20
Es Sider            +$0.30         +$0.85       -$0.55
Mellitah            +$0.20         +$0.50       -$0.30
Sarir               -$0.20          $0.00       -$0.20
Sharara             +$0.85         +$1.15       -$0.30
Sirtica             -$0.80         -$0.80        $0.00
Zueitina            +$1.30         +$1.30        $0.00


Grade                July           June         Change
Al-Jurf             +$0.40         +$0.40        $0.00
Bouri               -$0.10         -$0.10        $0.00
----------------------------------------------------------

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

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

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