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...