NO. 1


Oil Prices

Egypt Reduces Oil Prices by $4.00/B

Egypt reduced the prices of its various grades of crude oil by $4.00/Beffective 4 October. This reduction in prices comes after five consecutive pricehikes totaling $13.50/B during the month of September. These price changes areshown in the table below (credit terms 60 days):

 4 Oct 25 Sept 24 Sept 19 Sept 17 Sept 5 Sept 30 Aug ($/B) ($/B) ($/B) ($/B) ($/B) ($/B) ($/B)
Ras al-Bihar (33) 35.30 39.30 37.30 34.30 32.30 29.30...