VOL. XLII

No. 28

12-July-1999

ALGERIA

Algerian Price Formula For July

Algeria has raised its July price formula for Saharan Blendby 5 cents/B to Dated Brent plus 10 cents/B. The following table shows theadjustment factors for Saharan Blend in relation to Dated Brent during thefirst seven months of 1999 ($/B):

1999

Saharan

Jan

Feb

Mar

Apr

May

Jun

Jul

Blend (44ｺ)

+0.37

+0.64

+0.10

+0.20

+0.03-0.06

+0.05

+0.10