VOL. XXXIII

NO. 35

4 JUNE 1990

Egypt

Egypt Reduces Prices by $1.85/B for First Half of June

Egypt has reduced the prices ofits various grades of crude oil by a hefty $1.85 a barrel for the period 1-15June. The new prices, the lowest since December 1988 (MEES, 5 December 1988),are shown in the table below (credit terms 60 days):

 1 June 16 May 1 May 16 Apr ($/B) ($/B) ($/B) ($/B)Ras al-Bihar (33) 13.30* 15.15* 14.30* 13.85*Suez Blend (33) 13.00 14.85 14.00 13.55Belayim (26) 12.15 14.00 13.15 12.70...