No. 10

10 March 1997


Abu Dhabi, Oman and Qatar Cut January Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced itsretroactive monthly assessment prices for term sales for February by $2.90/B for itsMurban, Lower Zakum and Umm Shaif crudes, and by $2.75/B for its Upper Zakum crude. Oman'sMinistry of Petroleum and Minerals (MPM) also cut its February assessment price for termcrude sales by $2.78/B to $19.72/B, thus reducing the Murban/Oman differential to...