EGYPT

Egypt Reduces March Oil Prices by S4.40-5.00/B 

Egypt has reduced the export prices of its various types of crude oil by $4.405.00 a barrel with retroactive effect from 1 March. The price cuts, the fourth this year, are shown in the following table (credit terms 60 days):

 1 Mar 86 1 Feb 86 16 Jan 86 1 Jan 86 1 Dec 85 ($/B) ($/B) ($/B) ($/B) ($/B) Suez blend (33°) 14.00 19.00 22.70 24.20 26.70 Ras al-Bihar (33°) 14.00 19.00 22.70 24.20 26.70 Belayim (26°) 13.25 18.00...