UAE-OMAN

Abu Dhabi and Oman Cut Prices by $4/B for March 

Abu Dhabi and Oman have notified their term contract customers of price cuts of around $4/B for March deliveries. The price of Abu Dhabi Murban has been reduced to $12.50/B for March from $16.65/B in February, while the Oman crude price has been cut to $11.85/B for March from $15.80/B in February. Both countries now fix their crude sales prices in line with a formula providing for a monthly assessment of prices on a...