VOL. XL No. 222 June 1997


Syria Raises June Price Formulas

Syria's state agency Sytrol has raised the June price formula for its SyrianLight crude by 5 cents/B and that for Syrian Heavy by 25 cents/B. ForJune, Syrian Light (36.3ー API, 0.73% sulfur) will sell for Dated Brent minus 77cents/B, while Syrian Heavy (24ー API, 3.8% sulfur) is priced at Dated Brentminus $4.40/B. The differentials for both crudes against Dated Brent for thefourth quarter of 1996 and first half of 1997 are shown in...