VOL. XXXIII

NO. 27

9 APRIL 1990

Oil Prices

Egypt Cuts Crude Prices by 60 Cents/B for First Half of April

Egypt has decided to reduce the prices of its various grades of crude oil by60 cents a barrel for the first half of April. This is the fifth consecutivehalf-monthly reduction in prices since the end of January, as is shown in thetable below (credit terms 60 days):

 1 Apr 16 Mar 1 Mar 15 Feb 1 Feb 16 Jan ($/B) ($/B) ($/B) ($/B) ($/B) ($/B)Ras al-Bihar (33) 15.80* 16.40* 17.00 17.60 18.50 19.50...