No. 31

29 April 1996


Syria Cuts May Crude Prices

Syria's state-owned oil company Sytrol has reduced the May price formulas for its crude oils. Syrian Light (36.3ー API, 0.73% sulfur) was cut by 50 cents/B to Dated Brent minus 48 cents/B and Syrian Heavy (24ー API, 3.8% sulfur) was reduced by 20 cents/B to Dated Brent minus $2.80/B. The differentials for Syrian crude against Dated Brent are shown in the table below ($/B):