29 June 1998
Egypt Lowers July Price Formulas By 5-20 Cents/B
Egypt has reduced its crude price formulas for July by 5-20 cents/B. Ras al-Bihar, ZeitBay and Ras Gharib were cut by 5 cents/B, Suez Blend was lowered by 10 cents/B, andBelayim and Ras Budran were marked down by 20 cents/B. The following table shows theadjustment factors for Egyptian crudes against Dated Brent for the last quarter of 1997and the first seven months of 1998 ($/B):
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