NO. 22

27 FEBRUARY 1995


Syria Lowers March Prices Of Light And Heavy Crudes

The price formulas for Syrian Light (36.3ø API, 0.73% sulfur) and SyrianHeavy (24ø API, 3.8% sulfur) for the month of March have been reduced by 50cents and 10 cents a barrel respectively against Dated Brent. The substantialdrop in the price of Syrian Light has come in response to rather weak demand forit in February. The differentials against Dated Brent for both crudes for thelast 12 months are as...