21 MAY 1990
Qatar Reduces May Price Formula
Qatar's QGPC has reduced the price formula for contract crude for May by 5 cents/B. QGPC's price formula has not been changedsince January. The May price formula is Oman assessment (MPM) price plus 25cents/B for Qatar Dukhan (as against plus 30 cents/B for January-April) and 20cents/B for Qatar Marine (as against plus 25 cents in January-April).