Yemen ups June Masila crude OSP to $1.52/bbl premium

April 08, 2013 - 8:33:57 am
TOKYO: Yemen has set the official selling price of its Masila crude for loading in June at a premium of $1.52 a barrel to dated Brent, up 57 cents from the previous month, its government said late on Sunday.

Unipec U.K. bought 2.1 million barrels of the 2.2 million barrels of Masila crude offered by Yemen. The remaining 100,000 barrels will be deferred to the July bidding round, the government said in a statement.

The government also set the June OSP for Marib Light crude at parity to dated Brent, unchanged from May.

Yemen's national refiner, Aden Refinery Co, will buy the entire 1.9 million barrels of Marib Light crude offered by Yemen. (Reuters)