VOL. XXXIX

No. 41

8 July 1996

ALGERIA

Reduces July Price Formula

Algeria's Sonatrach has cut its July price formula for its Saharan Blend crude by 12 cents/B to Dated Brent plus 50 cents/B. The following table shows the adjustment factor for Algeria's Saharan Blend in relation to Dated Brent for July and the previous nine months (cents/B):

________________________1996________________ ________1995__________ Jul Jun May Apr Mar Feb Jan Dec Nov Oct Saharan Blend (44ｰ) +50 +62 +78-80...