NO. 22

27 FEBRUARY 1995


Egypt Adjusts March Oil Prices

Egypt has reduced the price of its Suez Blend marker crude (33ΓΈ API) by 10cents/B against Dated Brent but raised it by 50 cents/B against Iranian Heavyfor the month of March. Dated Brent and Iranian Heavy are two of threecomponents in the Suez Blend pricing formula. There is no change against thethird component, Suez Blend Spot. The differential against Iranian Heavy hadremained steady at minus 50 cents/B since October 1991....