VOL. XXXIII

NO. 47

27-AUGUST-1990

Oil Prices

Egypt Raises Oil Prices by $6.25/B

Egypt raised the prices of its various grades of crude oil twice last week bya total of $6.25 a barrel - $2.25/B on 20 August and another $4.00/B on 23August. This brings to six the number of price hikes since the start of theIraq/Kuwait crisis, which have more than doubled Egyptian crude oil pricescompared to their levels at the end of July. In fact, Egyptian oil prices nowstand at their highest level since the start...