VOL. XXXII

NO. 44

7 AUGUST 1989

PRICE DEVELOPMENTS

Egypt Cuts Prices by Hefty $1.25/B for First Half of August

Egypt has reduced the prices of its various grades of crude oil by $1.25 abarrel for the period 1-15 August. This is the second price cut since 1 July.These price changes are shown in the table below (credit terms 60 days):

 1 Aug 16 July 1 July ($/B) ($/B) ($/B) Suez Blend (33) 14.50 15.75 16.00 Ras al-Bihar (33) 14.50 15.75 16.00 Belayim (26) 13.65 14.90 15.15 Ras Budran (26) 12.50 13.75...