VOL. XXXV

NO. 5

4 NOVEMBER 1991

Oil Prices

Egypt Reduces Prices for First Half of November

Egypt has reduced the price of its benchmark Suez Blend crude (33 API) onlymarginally - by 2 cents a barrel against Dated Brent, one of the components ofEgypt's pricing formula - in the first half of November. The pricing formulafor Suez Blend, effective 1 November, is shown in the table below, together withthe earlier settings since the adoption of the new pricing mechanism on 1October ($/B):

 1 Nov 16 Oct 1...