VOL. XXXII

NO. 38

26 JUNE 1989

EGYPT

Prices Reduced by $1.30/B for Second Half of June

Egypt has reduced the prices for its various grades of crude oil by $1.30 abarrel for the period 16-30 June. This is the third consecutive decrease inEgyptian oil prices since the first half of May. The new prices are shown in thefollowing table (credit terms 60 days):

 16 June 1 June 16 May 1 May 1 Apr ($/B) ($/B) ($/B) ($/B) ($/B)Suez Bend (33) 15.00 16.30 17.00 17.75 17.40Ras al-Bihar (33) 15.00 16.30 17.00...