NO. 40

3 JULY 1995

Oil Prices

Algeria Cuts July Price Formula

Algeria's Sonatrach has reduced the July price formula for its Sahara Blendcrude by 5 cents/B to Dated Brent plus 30 cents/B. The following table shows theadjustment factor for Algeria's Saharan Blend in relation to Dated Brent forJuly and the previous nine months (cents/B):

 __________________1995_______________________ _______1994_________ Jul Jun May Apr Mar Feb Jan Dec Nov OctSaharanBlend (44ø) +30 +35 +35 +24-25 +26...