No. 23

8 June 1998


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...