EGYPT

Oil Prices Cut by 80-95 Cents/B for Second Half of September

On 15 September Egypt announced cuts of 80-95 cents a barrel in the export prices of its various grades of crude oil for the second half of September. This is the second reduction in prices within one month. The previous cut, which came into effect on 21 August, amounted to $1.25/B for all grades of crude oil. The new prices are shown in the table below (credit terms 60 days):

 16 Sept 21 Aug 1 Aug ($/B) ($/B) ($/B) Suez...