NO. 35

29 MAY 1995

Oil Prices

Egypt Lowers June Price Of Suez Blend

Egypt has lowered the price of its Suez Blend marker crude (33ΓΈ API) by 35cents/B against Dated Brent and by 20 cents/B against Iranian Heavy for themonth of June. Dated Brent and Iranian Heavy are two of three components in theSuez Blend pricing formula. There is no change against the third component, SuezBlend Spot. The evolution of the Suez Blend pricing formula over the last eightmonths is shown in the table below...