VOL. XXXIII

NO. 22

5 MARCH 1990

Egypt

Egypt Reduces Oil Prices by 60 Cents/B for First Half of March

Egypt has decided to reduce the prices of its various grades of crude oil by60 cents a barrel for the first half of March. This is the third reduction inprices since the end of January - with a total of $2.50/B for all three pricecuts - as is shown in the table below (credit terms 60 days):

 1 March 15 Feb 1 Feb 16 Jan ($/B) ($/B) ($/B) ($/B) Suez Blend (33) 17.00 17.60 18.50 19.50 Ras al-Bihar (33)...