EGYPT

January Oil Prices Reduced by $1.00-1.35/B 

Egypt has decided to reduce its oil export prices for January by $1.00/B for most types of crude, including its top quality Suez blend (33° API), and by $1.35/B for the heavy Ras Gharib crude (24° API). The new prices are shown in the table below (credit terms 60 days):

 Jan 1986 Dec 1985 ($/B) ($/B) Suez blend (33°) 25.70 26.70 Ras al-Bihar (32-33°) 25.70 26.70 Belayim (26°) 24.45 25.45 Ras Budran (26°) 24.25...