VOL. XXXIII

NO. 7

20 NOVEMBER 1989

Egypt

Egypt Reduces Prices by $1.00/B for Second Half of November

Egypt has decided to reduce the prices of its various grades of crude oil by$1.00 a barrel for the period 16-30 November. This is the first price cut in thepast few months. There were five successive increases between August andOctober, followed by a no-change decision for the first half of November. Theseprice movements are shown in the table below (credit terms 60 days):

 16 Nov 16 Oct 1 Oct 16...