VOL. XXXII

NO. 1

10 OCTOBER 1988

Egypt Reduces Oil Prices by $1.00/B for First Half of October

Though not announced publicly, it is understood that Egypt has reduced theprices of its various grades of crude oil by $1.00 a barrel for the period 1-15October. The new prices, representing the fourth consecutive cut in oil pricessince August, are shown in the table below (credit terms 60 days):

 1 Oct 16 Sept 1 Sept 16 Aug 1 Aug 1 July ($/B) ($/B) ($/B) ($/B) ($/B) ($/B) Suez Blend (33) 11.00 12.00...