Bloomberg News

Libya Cuts Es Sider Crude Price for June to 85 Cents Premium

May 17, 2012

Libya’s state-run National Oil Corp. reduced its official selling price of benchmark Es Sider crude for June by 15 cents to a premium of 85 cents a barrel to Dated Brent, according to a price list obtained by Bloomberg News.

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                June           May         Change
Abu Attifel         +$2.20         +$2.00       +$0.20
Amna                +$1.00         +$0.90       +$0.10
Brega               +$0.30         +$0.30        $0.00
Es Sider            +$0.85         +$1.00       -$0.15
Mellitah            +$0.50         +$0.75       -$0.25
Sarir                $0.00          $0.00        $0.00
Sharara             +$1.15         +$1.30       -$0.15
Sirtica             -$0.80         -$0.80        $0.00
Zueitina            +$1.30         +$1.20       +$0.10


Grade                June           May         Change
Al-Jurf             +$0.40         +$0.30       +$0.10
Bouri               -$0.10         -$0.20       +$0.10
----------------------------------------------------------

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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