NO. 31

1 MAY 1995

Oil Prices

Syria Lowers May Price Of Light Crude; Keeps Heavy Unchanged

The price formula for Syrian Light (36.3ø API, 0.73% sulfur) for the monthof May has been lowered by 25 cents a barrel against Dated Brent, but that ofSyrian Heavy (24ø API, 3.8% sulfur) has remained unchanged. The differentialsagainst Dated Brent for both crudes for May and the previous 11 months are shownin the table below ($/B):