Libya Raises September Crude Price

Libya’s state-run National Oil Corporation (NOC) has raised the September selling price of its benchmark Es Sider crude by 60 cents to dated Brent minus 70 cents a barrel.

According to Reuters, the NOC has a recent history of surprising traders, but many believed the latest set of prices were relatively fair; “September OSPs look reasonable, within our expectations,” said one lifter.

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:

(Sources: Bloomberg, Reuters)

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