VOL. XXXII

NO. 31

8 MAY 1989

CRUDE PRICE DEVELOPMENTS

Egypt: Prices Raised by 35 Cents/B for First Half of May

Egypt has raised the prices of its various grades of crude oil by 35 cents abarrel for the period 1-15 May. This is the eighth consecutive increase inEgyptian oil prices since November 1988. The new prices are shown in the tablebelow (credit terms 60 days):

 1 May 1 Apr (S/B) (S/B) Suez Blend (33) 17.75 17.40 Ras al-Bihar (33) 17.75 17.40 Belayim (26) 16.90 16.55 Ras Budran (26) 15.75...