No. 45

10 November 1997


Syria Formula Prices For November

Syria's state agency Sytrol has raised the November price formula for its Syrian Lightcrude by 8 cents/B and reduced the price formula for Syrian Heavy by 10 cents/B. ForNovember, Syrian Light (36.3º API, 0.73% sulfur) will sell for Dated Brent minus 47cents/B, while Syrian Heavy (24ºAPI, 3.8% sulfur) is priced at Dated Brent minus $3.90/B.The differentials versus Dated Brent for both crudes for 1997 are shown in the table...