OPEC AND OIL PRICES
Egypt Raises Oil Prices by $2.75-3.40/B for 1-20 August
Egypt has raised the export prices of the various types of its crude oil by $2.75-3.4O a barrel for the period 1-20 August. This is the first increase in Egyptian oil prices this year and comes in the wake of 10 consecutive price cuts since December 1985. A further increase in oil prices is expected for the last 10 days of August if market conditions are favorable. The increased prices for the first...