VOL. XXXVIII

NO. 31

1 MAY 1995

Oil Prices

Algeria Increases May Price Formula By 10-11 Cents/B

Algeria's state-owned oil company Sonatrach has increased the May priceformula for its Saharan Blend crude by 10-11 cents/B to Dated Brent plus 35cents/B. The following table shows the adjustment factor for Algeria's SaharanBlend in relation to Dated Brent for May and the previous eight months(cents/B):

 ________________1995______________ ______1994________ May Apr Mar Feb Jan Dec Nov OctSaharanBlend...