VOL. XXXI
NO. 7
23-NOVEMBER-1987
EGYPT
Oil Prices Reduced by $1.00/B for Second Half of November
Egypt has reduced the export prices of its various grades of crude oil by$1.00 a barrel for the second half of November. The reasons given for thissubstantial reduction in prices are the slump in the world oil market resultingfrom over-quota production by some OPEC countries, the large quantities ofIranian crude being offered for sale in Northwestern Europe and the large stocksavailable on the...
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