NO. 36

8 JUNE 1992

Oil Prices

Qatar Reduces Price Formulas 5 Cents/B for May

Qatar's QGPC has reduced its retroactive price formula for May for termcustomers by 5 cents/B. The May formulas now stand at Oman monthly assessment (MPM)price plus 80 cents/B for Qatar Dukhan and MPM plus 75 cents/B for Qatar Marine.The actual prices for Qatar crudes for the first five months of 1992, in linewith the formulas applicable during the period, were as follows ($/B):

 May Apr Mar Feb JanDukhan 19.30...