VOL. XLII

No. 09

1-March-1999

ALGERIA

Algeria Cuts March Price Formula

Algeria has reduced the March price formula for its SaharanBlend crude by 54 cents/B to Dated Brent plus 10 cents/B. The following tableshows the adjustment factors for Algeriaç—´ Saharan Blend in relation to DatedBrent during the second half of 1998 and the first quarter of 1999 ($/B):

1998

1999

Saharan

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Blend (44ｺ)

- *

+0.34

+0.43

+0.43

+0.10

...