GENERAL

Malaysia and USSR Adjust Crude Prices 

According to industry sources, Malaysia has cut the official sales price of its crudes by $0.50-0.75tB but the effective date is still unclear. Tapis Blend (43.5°) is reduced $0.75/B from $28.65/B to $27.90/B, Miri (38°) is cut $0.70/B from $27.95/B to $27.25/B, Labuan (33°) is reduced $0.70/B from $28.30/B to $27.60/B while Tembungo (38°) is down $0.50/B from $28.40/B to $27.90/B.

Meanwhile the Soviet Union has proposed...