VOL. XLI

No. 23

8 June 1998

UAE

Abu Dhabi, Oman And Qatar Raise May Prices

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthlyassessment prices for term sales for May by 60-65 cents/B. Crude oil prices were set at$13.45/B for Murban and Lower Zakum, and $13.20/B for Umm Shaif, an increase of 60 cents/Bfor each. Upper Zakum was raised by 65 cents/B to $12.40/B. Oman's Ministry of Petroleumand Minerals (MPM) also marked up its assessment price for term crude sales by 55...