EGYPT

Egypt Reduces Oil Prices by $3.50-4.15/B in July 

Egypt has reduced the export prices of the various types of its crude oil by a total of $3.50-4.15 a barrel in two stages in July. The first stage covers the period 1-15 July and the second 16-31 July. The reduced prices are as follows (credit terms 60 days):

 16 July 86 1 July 86 1 June 86 ($/B) ($/B) ($/B) Suez blend (33°) 7.35 9.60 11.50 Ras al-Bihar (33°) 7.35 9.60 11.50 Belayim (26°) 6.70 8.90 10.75 Ras Budran...