NO. 31

1 MAY 1995

Oil Prices

Egypt Adjusts May Price Of Suez Blend

Egypt has lowered the price of its Suez Blend marker crude (33ΓΈ API) by 10cents a barrel against Dated Brent but raised it by 30 cents a barrel againstIranian Heavy for the month of May. Dated Brent and Iranian Heavy are two ofthree components in the Suez Blend pricing formula. There is no change againstthe third component, Suez Blend Spot. The evolution of the Suez Blend pricingformula over the last eight months is...