NO. 6

14 NOVEMBER 1988


Oil Prices Reduced by 50 Cents/B for First Half of November

Egypt has decided to reduce the prices of its various grades of crude oil by50 cents a barrel for the period 1-15 November. Except for a 30 cent/B upwardadjustment in the second half of October, Egyptian oil prices have maintainedtheir downward trend since August, as is shown in the table below (credit terms60 days):

 1 Nov 16 Oct 1 Oct 16 Sept 1 Sept 16 Aug 1 Aug ($/B) ($/B) ($/B) ($/B) ($/B) ($/B)...