UAE-OMAN

Abu Dhabi and Oman Cut February Prices by $8/B; Abu Dhabi Equity Margin Cut to $1/B 

Oman and Abu Dhabi have cut their February prices for contract crude sales by over $8/B. Both countries - Oman since the beginning of 1985 and Abu Dhabi from the start of this year - now fix their crude sales prices in line with a formula providing for a monthly assessment of prices on a retrospective basis in accordance with actual spot crude prices during that month. Since Abu Dhabi crudes...