NO. 43

25 JULY 1994


DownwardAdjustment In August Prices Of Syrian Light And Heavy Crudes

The price formulasfor both Syrian Light (36.3ø API, 0.73% sulfur) and Syrian Heavy (24ø API,3.8% sulfur) for the month of August have been reduced by 15 cents and 13 centsa barrel respectively against Dated Brent. According to refiners, the lowerprices reflect a weak Mediterranean spot market. The differentials for bothSyrian Light and Heavy against Dated Brent since January of this year are...