VOL. XL

No. 51/52

22/29 December 1997

ALGERIA

Algeria Cuts January Price Formula

Algeria has reduced the price formula for Saharan Blend for January by 5 cents/B toDated Brent plus 55 cents/B, compared with Dated Brent plus 60 cents/B for December. Thefollowing table shows the adjustment factors for Algeria's Saharan Blend in relation toDated Brent for July 1997-January 1998 (cents/B):

1997

1998

Saharan

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Blend (44ยบ)

+39-40

+53

...