EGYPT

Egypt Reduces Oil Prices by 50 Cents/B from 1 June 

Egypt has reduced the export prices of its crude oil by 50 cents a barrel with effect from 1 June. The new prices are as follows (credit terms 60 days):

 1 June 86 16 May 86 ($/B) ($/B) Suez blend (33°) 11.50 12.00 Ras al-Bihar (33°) 11.50 12.00 Belayim (26°) 10.75 11.25 Ras Budran (26°) 10.50 ll.O0 Ras Gharib (24°) 9.50 lO.00