EGYPT

Egypt Lowers Price of Top Quality Crudes and Keeps Output Unchanged for February

Egypt has decided to cut the price of its top quality Suez blend (33°API) and that of the Ras al-Bihar crude by 50 cents to $27.50 a barrel in February. At the same time it raised the price of the heavy Ras Gharib crude (24° API) by 15 cents to $25.75 a barrel. The prices of the other crudes - Belayim-North (29) API) $27.50/B, Belayim (26° API) $26.75/B and Ras Budran (26° API) $26.60/B...