Libya Cuts August Crude Oil Prices

Libya’s state-run National Oil Corporation (NOC) has reduced the official August selling price of its benchmark Es Sider crude to the lowest level in almost three years, reports Bloomberg.

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.

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:

(Source: Bloomberg)

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