Bloomberg News

Libya Raises September Es-Sider Price to 70 Cent Discount

August 29, 2012

Libya’s state-run National Oil Corp. increased its official selling price for benchmark Es Sider crude for September to a discount of 70 cents from $1.30 a barrel less than Dated Brent in August, 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               September      August       Change
Abu Attifel         +$2.20         +$2.20        $0.00
Amna                +$0.30         +$0.50       -$0.20
Brega               -$1.10         -$1.70       +$0.60
Es Sider            -$0.70         -$1.30       +$0.60
Mellitah            -$0.80         -$1.80       +$1.00
Sarir               -$0.70         -$1.20       +$0.50
Sharara             -$0.70         -$1.50       +$0.80
Sirtica             -$1.60         -$2.20       +$0.60
Zueitina            +$0.70         +$0.80       -$0.10


Grade               September      August       Change
Al-Jurf             +$0.40         +$0.40        $0.00
Bouri                $0.00          $0.00        $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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