NO. 40

5 JULY 1993

Oil Prices

July Price Down For Suez Blend But Up For Heavy Crudes

Egypt has reduced theprice of its Suez Blend marker crude (33 API) by 2 cents/B against Dated Brent- one of the components of Egypt's pricing formula - for the month of July, butthere is no change against the other two components. The pricing formula forSuez Blend for the first seven months of 1993 is as follows ($/B):

 ________________________1993_________________________ 1 July 1 Jun 1 May 1 Apr 1 Mar...