NO. 24


Oil Prices

NIOC Increases 2Q 1995 Price For Iranian Heavy, Light Left Unchanged

Iran's NIOC has increased its Far East contract prices for second quarter1995 liftings of its Iranian Heavy grade by 7 cents/B versus the prevailingMarch price. Iranian Light, which has remained steady at Oman spot less 12cents/B since the beginning of the first quarter, was left unchanged. Theprice change for Iranian Heavy is in line with April price changes for SaudiArabia's...