VOL. XXXIII

NO. 29

23 APRIL 1990

Egypt

Egypt Cuts Crude Prices by $1.95/B for Second Half of April

Egypt has cut the prices of its various grades of crude oil by a hefty $1.95 a barrel for the second half ofApril. This is the sixth consecutive half-monthly reduction in prices since theend of January, as is shown in the table below (credit terms 60 days):

 16 Apr 1 Apr 16 Mar 1 Mar 15 Feb 1 Feb 16 Jan ($/B) ($/B) ($/B) ($/B) ($/B) ($/B) ($/B)Ras al-Bihar (33) 13.85* 15.80* 16.40* 17.00 17.60 18.50...