OPEC AND OIL PRICES

Oman Agrees with Customers on Monthly Crude Price Assessment

Non-OPEC Oman has agreed with its crude oil customers on a continuation of its previous practice of making monthly retrospective readjustments upwards or downwards, to its crude prices in the light of actual spot or realized market prices during the month in question. However, MEES understands that the system now agreed upon provides for a price band extending 10 cents/B above and 10 cents/B below its official...