Oman Sold Out for 1985 

Under the stimulus of its new spot market related price formula (MEES, 18 February), non-OPEC Oman has already sold all its crude oil availability for 1985, MEES understands. In fact, on the basis of provisional figures for contract volumes gathered by MEES, it may have slightly oversold unless it manages to increase output in the course of the year.

Oman's latest production target for the year 1985 is 420,000 b/d (MEES, 4 March), which compares with...