VOL. XLII

No. 18

3-May-1999

ALGERIA

Algeria Cuts May Price Formula

Algeria has reduced the May price formula for its SaharanBlend crude to Dated Brent plus 3-6 cents/B. The following table shows theadjustment factors for Saharan Blend in relation to Dated Brent during thesecond half of 1998 and the first five months of 1999 ($/B):

1998 1999

Saharan

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Blend (44ｺ)

- *

+0.34

+0.43

+0.43

+0.10

+0.25

+0.37

...