VOL. XXXIV

NO. 4

29-OCTOBER-1990

Egypt

Egypt Reduces Oil Prices by $9.00/B

Egypt reduced the prices of its various grades of crude oil twice last weekby a massive $9.00/B - $3.00/B on 19 October and $6.00/B on 22 October. It hadearlier reduced the prices by $3.00/B on 16 October so that the total reductionin prices since the middle of the month now stands at $12/B. These price cutsare shown in the table below (credit terms 60 days):

 22 Oct 19 Oct 16 Oct 10 Oct ($/B) ($/B) ($/B) ($/B)
 Ras al-Bihar...