No. 31



Egyptian Price Formulas For August

Egypt has cut the August formula prices for its Suez Blend,Ras al-Bihar and Zeit Bay crudes, but increased the formula prices for Belayim,Ras Budran and Ras Gharib. Suez Blend was reduced by 20 cents/B, while Rasal-Bihar and Zeit Bay were cut by 10 cents/B. Belayim and Ras Budran were markedup by 25 cents/B and Ras Gharib was raised by 30 cents/B. The following tableshows the adjustment factors for Egyptian crudes in relation...