VOL. XXXIII

NO.18

5 FEBRUARY 1990

Egypt

Egypt Reduces Oil Prices by $1.00/B for First Half of February

Egypt has decided to reduce the prices of its various grades of crude oil by$1.00 a barrel for the period 1-15 February. The reduction follows fourconsecutive semimonthly price increases, totaling $3.00/B, since lastDecember. These price movements are shown in the table overleaf (credit terms 60days):

 1 Feb 90 16 Jan 90 1 Jan 90 16 Dec 89 1 Dec 89 16 Nov 89 ($/B) ($/B) ($/B) ($/B) ($/B) ($/B)...