VOL. XXXIV

NO. 11

17-DECEMBER-1990

Oil Prices

Egypt Reduces Oil Prices by $7.00/B

Egypt reduced the prices of its various grades of crude oil three times by atotal of $7.00/B during the period 28 November-13 December. The new prices areas follows (credit terms 60 days):

 13 Dec 28 Nov ($/B) ($/B) Ras al-Bihar (33) 24.30 31.30 Suez Blend (33) 24.00 31.00 Belayim (26) 23.15 30.15 Ras Budran (26) 22.00 29.00 Ras Gharib (24) 21.70 28.70