NO. 22



Prices of All Crude Reduced by $1.00/B for First Half of March

Egypt has decided to reduce the prices of all its grades of crude oil by$1.00/B for the first half of March. This is the second reduction in pricessince 16 November 1987. The previous reduction of 90 cents a barrel across theboard came into effect on 16 January. These price changes are shown in the tablebelow (credit terms 60 days):

 1 Mar 88 16 Jan 88 16 Nov 87 ($/B) ($/B) ($/B) Suez Blend (33)...