VOL. XLII

No. 17

26-April-1999

EGYPT

Egypt Cuts May Crude Formulas

Egypt has reduced all of its crude price formulas for May by5-10 cents/B. The following table shows the adjustment factors for Egyptiancrudes in relation to Dated Brent during the second half of 1998 and the firstfive months of 1999 ($/B):

1998

 1999

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Suez Blend (33ｺ)

-2.85

-2.15

-1.85

-1.70

-1.85

-1.45

-1.30

-1.25

-1.50

-1.60

-1.65

...