OMAN

Oman Grants Crude Customers Retroactive Discounts for February-April Period

MEES learns that Oman has granted its term crude oil customers retroactive discounts off official prices ranging between 30 and 38 cents a barrel on Siftings made during February, March and April. These price adjustments, which were arrived at through negotiations between the Omani Oil Ministry and the companies concerned, are designed to compensate for the difference between market-related price levels and...