VOL. XXXVIII

NO. 39

26 JUNE 1995

Oil Prices

Egypt Lowers July Price Of Suez Blend

Egypt has lowered the Dated Brent component in its Suez Blend marker crude(33ΓΈ API) for July by 15 cents/B. The Dated Brent component in its pricingformula is now subject to an adjustment factor of minus $1.25/B. The IranianHeavy component, however, remains unchanged at minus 20 cents/B. The Suez BlendSpot component also remained unchanged at parity with market prices. Theevolution of the Suez Blend pricing formula...