VOL. XL

No. 47

24 November 1997

ALGERIA

Algeria Reduces November Price Formula

MEES soundings of market sources suggest that contract prices for Saharan Blendfor December will be Dated Brent plus 60 cents/B, compared with Dated Brent plus 45-47cents/B for November. The following table shows the adjustment factors for Algeria'sSaharan Blend in relation to Dated Brent for 1997 (cents/B):

1997

Saharan

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Blend (44ยบ)...