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Libya Lifts July Es Sider Crude OSP - Trade

Published Wednesday, 23rd June 2010 11:25 pm - © 2010 Dow Jones


(Adds Bouri and Al-Jurf OSPs.)

LONDON -(Dow Jones)- Libya's National Oil Co. has raised its July official selling price for its benchmark Es sider crude oil grade, raising it to a discount of 80 cents to Dated Brent compared to a discount of $1.20 in June, a trading source said Wednesday.

Amna crude prices are cut, Abu Attifel and Sirtica are left uncharged while other grades are raised between 15-45 cents.

For crudes calculated as an average against Russian Urals, Bouri is raised by 20 cents from June while Al-Jurf values are raised by 5 cents, the trader said.

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

GRADE July June

Es sider -0.80 -1.20

Brega -0.15 -0.50

Es Sharara +0.55 +0.10

Zueitina -0.05 -0.40

Sirtica -0.70 -0.70

Abu Attifel +0.90 +0.90

Amna 0.00 -0.05

Sarir -0.35 -0.50

Mellitah +0.50 +0.05

Libyan July prices 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 July June

Bouri -0.95 -1.15

Al-Jurf +0.10 +0.05

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

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