Bloomberg News

Libya Cuts August Es Sider Crude Price to $1.30 Discount

July 20, 2012

Libya’s state-run National Oil Corp. reduced its August official selling price of benchmark Es Sider crude to the lowest level in almost three years, according to a price list obtained by Bloomberg News.

The price of the blend was cut by $1.60 a barrel to a discount of $1.30 to North Sea Dated Brent, the lowest since at least January 2010, data compiled by Bloomberg show.

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               August          July         Change
Abu Attifel         +$2.20         +$2.20        $0.00
Amna                +$0.50         +$1.00       -$0.50
Brega               -$1.70         +$0.10       -$1.80
Es Sider            -$1.30         +$0.30       -$1.60
Mellitah            -$1.80         +$0.20       -$2.00
Sarir               -$1.20         -$0.20       -$1.00
Sharara             -$1.50         +$0.85       -$2.35
Sirtica             -$2.20         -$0.80       -$1.40
Zueitina            +$0.80         +$1.30       -$0.50

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