Libyan National Oil Cuts Es Sider Crude Price to 120-Cent Discount in June
Libya, holder of Africa’s largest oil reserves, reduced the official selling price for exports of Es Sider crude in June to a discount of 120 cents to Dated Brent, data posted on Libyan National Oil Corp.’s website show.
Libya priced Es Sider at a discount of 70 cents to Dated Brent in May.
Following is a table of June prices of all Libyan crude grades. The oil is priced in relation to Dated Brent and Russia’s Urals in the Mediterranean.
================================ Grade Spread to Dated Brent Es Sider -$0.120 Brega -$0.50 Sharara +$0.10 Zueitina -$0.40 Sirtica -$0.70 Amna -$0.05 Sarir -$0.50 Abu Attifel +$0.90 Mellitah +$0.05 Grade Spread to Urals Med Bouri -$1.15 Al-Jurf +$0.50 ================================