VOL. XL

No. 42

20 October 1997

ALGERIA

Algeria Reduces November Price Formula

MEES soundings of market sources suggest that contract prices for Saharan Blendfor November will be between Dated Brent plus 45 cents/B and 47 cents/B, a reduction of18-20 cents/B compared with Dated Brent plus 65 cents/B in October. The following tableshows the adjustment factors for Algeria's Saharan Blend in relation to Dated Brent for1997 (cents/B):

1997

Saharan

Jan

Feb

Mar

Apr

May

Jun

Jul

...