No. 35

27 May 1996


Egypt Cuts June Price Formulas By 15-25 Cents/B

Egypt has reduced its June price formulas against Dated Brent by 15-25 cents/B relative to May. Suez Blend and Belayim were cut by 15 cents/B, Ras Budran and Ras Gharib were lowered by 22 cents/B, and Ras al-Bihar and Zeit Bay were marked down by 25 cents/B. Since January, the Egyptian General Petroleum Corporation (EGPC) has priced all of its crudes against Dated Brent (MEES, 18 December). The following...