NO. 15

13 JANUARY 1992

Oil Prices

Abu Dhabi and Oman Reduce Prices by $3.25-3.08/B in December

Abu Dhabi's ADNOC has made a substantial cut of $3.25/B in its retroactivemonthly assessment prices for term crude sales for December, bringing the Murbanprice to $17.35/B. For its part, Oman has also reduced its retroactive monthlyprice assessment (MPM) for term sales by $3.08/B to $16.12/B. As a result, theMurban/Oman differential has been lowered to $1.23/B in December from $1.40/B in...