VOL. XXXI

NO. 46

22-AUGUST-1988

OPEC/NON-OPEC AND OIL PRICES

Egypt Cuts Oil Prices by 90 Cents/B for Second Half of August

Egypt has decided to reduce the prices of its various grades of crude oil by90 cents a barrel for the period 16-31 August, having previously raised them by$1.40/B for the first half of the month (MEES, 8 August). The new prices areshown in the table below (credit terms 60 days):

 16 Aug 1 Aug ($/B) ($/B) Suez Blend (33) 13.25 14.15 Ras al-Bihar (33) 13.25 14.15 Belayim (26)...