26 January 1998
Egypt Cuts February Price Formulas By 60-80 Cents/B
Egypt has reduced its price formulas for February by 60-80 cents/B. Suez Blend,Belayim, Ras Budran and Ras Gharib were marked down by 80 cents/B, while Ras al-Bihar andZeit Bay were cut by 60 cents/B. The following table shows the adjustment factors forEgyptian crudes against Dated Brent for the second half of 1997 and the first two monthsof 1998 ($/B):
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!