No. 22

26 February 1996


Algeria Lowers March Price Formula

Algeria's Sonatrach has reduced the March price formula for its Saharan Blend crude to Dated Brent plus 75-77 cents/B from the February price of Dated Brent plus 78 cents/B. The following table shows the adjustment factor for Algeria's Saharan Blend in relation to Dated Brent for March and the previous eight months (cents/B):

_______1996______ _________________1995_________________ Mar Feb Jan Dec Nov Oct...