NO. 37



Oil Prices Reduced by 50 Cents for Second Half of June

Egypt has decided to reduce the prices of its various grades of crude oil by50 cents a barrel for the second half of June, the first change since 16 April.The changes in Egyptian oil prices since the beginning of the year are shown inthe table below (credit terms 60 days):

 16 June 16 Apr 1 Apr 16 Mar 1 Mar 16 Jan ($/B) ($/B) ($/B) ($JB) ($/B) ($/B)Suez Blend (33) 14.35 14.85 14.25 13.25 14.00 15.00Ras...