No. 15

14 April 1997


Qatar Cuts March Price Formulas By 21-27 Cents/B

Qatar has cut its Oman-based retroactive crude price formulasfor March. Dukhan (Land) crude was reduced by 21 cents/B to Oman MPM ($19.10) plus 40cents/B, while Marine crude was marked down by 27 cents/B to Oman MPM plus 26 cents/B.Actual prices for Qatar's crudes fell by 83 cents/B and 89 cents/B respectively to $19.50for Dukhan and $19.36/B for Marine. The following table shows price formulas and actual...