VOL. XXXIX

No. 36

6 June 1996

ALGERIA

Algeria Reduces June Price Formula

Algeria's Sonatrach has cut the June price formula for its Saharan Blend crude to Dated Brent plus 62 cents/B. The following table shows the adjustment factor for Algeria's Saharan Blend in relation to Dated Brent for June and the previous eight months (cents/B):

________________1996___________ _____1995_______

Jun May Apr Mar Feb Jan Dec Nov Oct

Saharan Blend (44ｰ) +62 +78-80 +78-80 +75-77 +78 +50 +53 +50-52...