VOL. XLI
No. 09
2 March 1998
EGYPT
Egypt Reduces March Price Formulas By 30-35 Cents/B
Egypt has reduced its price formulas for March by 30-35 cents/B. Suez Blend was markeddown by 35 cents/B to Dated Brent minus $2.45/B. All other crudes were cut by 30 cents/B.The following table shows the adjustment factors for Egyptian crudes against Dated Brentfor the second half of 1997 and the first quarter of 1998 ($/B):
1997 | 1998 | |||||||||
Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | ||
Suez Blend... |
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