NO. 31

4 MAY 1992

Oil Prices

Egypt Raises Oil Prices for May

Egypt has raised the price of its Suez Blend marker crude (33 API) by 5cents a barrel against Dated Brent - one of the components of Egypt's pricingformula - for the month of May, but there is no change against the other twocomponents. The pricing formula for Suez Blend for May and the first fourmonths of the year is as follows ($/B):

 1 May 1 Apr 1 Mar 1 Feb 1 JanDated Brent (60%) -2.70 -2.75 -2.90 -3.00 -3.18Iranian Hvy...