VOL. XLI

No. 15

13-April-1998

UAE

Abu Dhabi, Oman and Qatar Crude Prices Fall In March

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for March for its crudes by 80 cents/B. Prices were setat $11.95/B for Murban and Lower Zakum, $11.70/B for Umm Shaif, and $10.90/B for UpperZakum. Oman's Ministry of Petroleum and Minerals (MPM) also lowered its assessment pricefor term crude sales by 94 cents/B to $11.31/B, thus narrowing the...