The Gateway to Algorithmic and Automated Trading

Libya Keeps Feb Crude OSP Steady From Jan - NOC

Published Thursday, 27th January 2011 08:44 pm - © 2011 Dow Jones


LONDON -(Dow Jones)- Libya's National Oil Co. has rolled over most of its official selling prices for February term supply of its crude oil, according to data published on NOC's website.

The benchmark Es Sider crude price for February was kept unchanged from last month at a discount of 25 cents against Dated Brent. All other Libyan crude grades, priced as a differential to Dated Brent, were kept unchanged.

For crudes calculated as an average against Russian Urals, OSPs for both Bouri and Al-Jurf crudes were cut by 10 cents.

Libyan February term crude prices are quoted as follows as a differential to dated Brent (in dollars a barrel):

GRADE Feb Jan

Es Sider -0.25 -0.25

Brega +0.40 +0.40

Es Sharara +1.15 +1.15

Zueitina +0.40 +0.40

Sirtica -0.25 -0.25

Abu Attifel +1.30 +1.30

Amna +0.25 +0.25

Sarir -0.15 -0.15

Mellitah +0.80 +0.80

Libyan February for Bouri oil and Al-Jurf oil as an average against Russian Urals (basis CIF Augusta, Mediterranean) are quoted as follows (in dollars a barrel):

GRADE Feb Jan

Bouri -0.40 -0.30

Al-Jurf +0.30 +0.40

-By Reza Amanat, Dow Jones Newswires; 4420-7842-9487; reza.amanat@dowjones.com

    More Like This...