NO. 40

6 JULY 1992

Oil Prices

Abu Dhabi Raises Prices $1.40-1.50/B in June

The Abu Dhabi National Oil Company (ADNOC) has raised by $1.40-1.50/B theretroactive monthly assessment price of its crudes for term sales for June.Murban and Upper Zakum prices rose by $1.40/B to $21.00/B and $19.30/B,respectively, while Lower Zakum and Umm Shaif prices were increased by $1.50/B to$20.90/B and $20.70/B, respectively. Details of the Abu Dhabi prices for thefirst half of 1992 are as follows: