VOL. XLI

No. 19

11-May-1998

UAE

Abu Dhabi, Oman And Qatar Raise April Prices

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthlyassessment prices for term sales for April by 85-90 cents/B. Crude oil prices were set at$12.85/B for Murban and Lower Zakum, and $12.60/B for Umm Shaif, an increase of 90 cents/Bfor each. Upper Zakum was raised by 85 cents/B to $11.75/B. Oman's Ministry of Petroleumand Minerals (MPM) also marked up its assessment price for April term crude...