VOL. XXXIII

NO. 38

25 JUNE 1990

Oil Prices

Egypt Reduces Prices by $1.00/B for Second Half of June

Egypt has reduced the prices of its various grades of crude oil by $1.00 abarrel for the period 16-30 June. This is the second substantial cut in pricesin June, as is shown in the table below (credit terms 60 days):

 16 June 1 June 16 May 1 May ($/B) ($/B) ($/B) ($/B)Ras al-Bihar (33) 12.30 13.30 15.15 14.30Suez Blend (33) 12.00 13.00 14.85 14.00Belayim (26) 11.15 12.15 14.00 13.15Ras Budran (26)...