NO. 7

18 NOVEMBER 1991


Egypt Reduces Oil Prices for Second Half of November

Egypt has reduced the price of its benchmark Suez Blend (33 API) by 10cents a barrel against Dated Brent - one of the components of Egypt's pricingformula - in the second half of November, but there is no change against theother two components. The pricing formula for Suez Blend effective 16 Novemberis as follows ($/B):

 16 Nov 1 Nov 16 Oct 1 Oct Dated Brent (60%) -3.05 -2.95 -2.93 -3.00 Iranian Hvy ex-Sidi...