VOL. XXXVIII

NO. 43

24 JULY 1995

Oil Prices

Egypt Reduces August Price Of Suez Blend

Egypt lowered the price of its Suez Blend marker crude (33ΓΈ API) for Augustby 60 cents/B against the Dated Brent component of its Suez Blend pricingformula to Dated Brent minus $1.85/B. The Iranian Heavy component, however,remained unchanged at minus 20 cents/B while the Suez Blend Spot componentstayed at parity with market prices. The evolution of the Suez Blend pricingformula for August and the previous seven...