VOL. XLII

No. 28

12-July-1999

UAE

Abu Dhabi, Oman And Qatar Raise June Prices

The Abu Dhabi National Oil Company (ADNOC) has raised itsretroactive monthly assessment prices for term sales for June by 5 cents/B.Crude oil prices were set at $15.95/B for Murban and Lower Zakum, $15.70/B forUmm Shaif, and $15.25/B for Upper Zakum. Omanç—´ Ministry of Petroleum andMinerals (MPM) also raised its June assessment price for term crude sales by 10cents/B to $15.39/B. The Murban/Oman differential narrowed...