NO. 11

16 DECEMBER 1991


Egypt Reduces Oil Prices for Second Half of December

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 December, but there is no change against theother two components. The pricing formula for Suez Blend effective 16-31December is as follows ($/B):

 16 Dec 1 Dec 16 Nov 1 Nov 16 Oct 1 OctDated Brent (60%) -3.20 -3.10 -3.05 -2.95...