EGYPT

Price of Ras al-Bihar and Belayim-North Crudes Reduced by 75 Cents/B in May 

The price of Egypt's 32-33° API Ras al-Bihar and 29° API Belayim-North crudes for the month of May, which was not available when the prices of the other crudes were set last week (MEES 29 April), has now been made known. As usual it is set at the same level as the 33° API Suez blend - namely $26.75 a barrel, reflecting the overall drop of 75 cents a barrel in Egyptian oil prices for the...