VOL. XLI

No. 28

13-July-1998

UAE

Abu Dhabi, Oman And Qatar Cut June Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for June by $1.00-1.10/B. Crude oil prices were set at$12.35/B for Murban and Lower Zakum, and $12.10/B for Umm Shaif, a cut of $1.10/B foreach. Upper Zakum was marked down by $1.00/B to $11.40/B. Oman's Ministry of Petroleum andMinerals (MPM) also lowered its assessment price for term crude sales by 99 cents/B...