NO. 38

20 JUNE 1994


July Price Of Syrian Light Down But That Of Heavy Up

The price formula for Syrian Light crude (36.3ø API, 0.73% sulfur) has beenreduced by 20 cents/B to Dated Brent minus 80 cents/B in July from Dated Brentminus 60 cents/B in June, while that of Syrian Heavy crude (24ø API, 3.8% sulfur) has been raised by 15 cents/B to Dated Brent minus $2.75/B in July fromDated Brent minus $2.90/B in June. The price adjustments are seen in line withmarket expectations. The...