VOL. XXXI

NO. 50

19-SEPTEMBER-1988

EGYPT

Oil Prices Reduced by 75 Cents/B for Second Half of September

Egypt has decided to reduce the prices of its various grades of crude oil by75 cents a barrel for the period 16-30 September. The drop, the third in a rowsince an increase on 1 August, was attributed to an "excessive oil supplyon the world market." The new prices, together with the earlier changessince July, are shown in the table below (credit terms 60 days):

 16 Sep 1 Sep 16 Aug 1Aug 1 July...