No. 13/14

25 December 1995/1 January 1996


Algeria Lowers January Price Formula

Algeria's Sonatrach has reduced the January price formula for its Saharan Blend crude to Dated Brent plus 50 cents/B from the December price of 53 cents/B. The following table shows the adjustment factor for Algeria's Saharan Blend in relation to Dated Brent for January 1996 and the last three quarters of 1995 (cents/B):

1996 ______________________________1995___________________ Jan Dec...