NO. 33

21 MAY 1990


Egypt Raises Crude Oil Prices by 85 Cents/B for the Second Half of May

Egypt has raised theprices of its various grades of crude oil for the second time this month. Thefirst increase, amounting to 45 cents a barrel, was made in the first half ofMay, and the second increase of 85 cents a barrel is applicable in the secondhalf of the month. The two increases have reversed the downward trend in pricesevident since the end of January, as is shown in the table...