Monday, May 24, 2010

Libya Cuts Es Sider Oil to 120-Cent Discount in June

By Ola Galal

(Bloomberg) -- Libya, holder of Africa’s largest oil reserves, reduced the official selling price for exports of Es Sider crude in June to a discount of 120 cents to Dated Brent, data posted on Libyan National Oil Corp.’s website show.

Libya priced Es Sider at a discount of 70 cents to Dated Brent in May.

Following is a table of June prices of all Libyan crude grades. The oil is priced in relation to Dated Brent and Russia’s Urals in the Mediterranean.

--Editor: Shaji Mathew.

To contact the reporter on this story: Ola Galal in Cairo at

To contact the editor responsible for this story: Stephen Voss at

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