OPEC AND OIL PRICES

Ecuador Cuts Crude Prices by $1/B 

Ecuador has cut the official price of its 29° API Oriente crude by $1/B, from $27.50/B to $26.50/B, effective 1 February 1985 in line with OPEC's recent Geneva decision on differentials. This was announced by an Ecuadorian oil official in Quito on 15 February.