No. 14

7 April 1997


Abu Dhabi And Oman Cut March Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced itsretroactive monthly assessment prices for term sales for March by 65-80 cents/B. Murban,Lower Zakum and Umm Shaif were cut by 80 cents/B, while Upper Zakum was lowered by 65cents/B. Oman's Ministry of Petroleum and Minerals (MPM) also dropped its March assessmentprice for term crude sales by 62 cents/B, thus reducing the Murban/Oman differential to 95cents/B for the...