NO. 44

31 JULY 1995

Oil Prices

Syria Reduces August Price Formulas

Syria's state-owned company Sytrol has reduced the price of both its Lightand Heavy crudes for the month of August. The price formula for Syrian Light(36.3ø API, 0.73% sulfur) was cut by 38 cents/B to Dated Brent minus 75cents/B, while Syrian Heavy (24ø API, 3.8% sulfur) was lowered by 65 cents/B toDated Brent minus $2.10/B. The differentials against Dated Brent for both crudesfor August and the previous seven months...