VOL. XXXV

NO. 2

14 OCTOBER 1991

Oil Prices

Egypt Raises Price Formula for Suez Blend in Second Half of October

Egypt has increased the pricing formula for its Suez Blend (33 API) in thesecond half of October. Effective 16 October, the formula will be as follows:60% dated Brent minus $2.93/B (up 7 cents from minus $3.00/B in the first halfof October); 20% Iranian Heavy at Sidi Kerir minus 50 cents/B (up 5 cents fromminus 55 cents/B); and 20% Suez Blend parity with spot assessments (unchanged).