No. 37

10 June 1996


Abu Dhabi, Oman And Qatar Cut May Prices

The Abu Dhabi National Oil Company (ADNOC) has cut its retroactive monthly assessment prices for term crude sales for May by 60-75 cents/B. Murban and Lower Zakum were reduced by 65 cents/B, while Umm Shaif was marked down by 60 cents/B and Upper Zakum was cut by 75 cents/B.

Oman's Ministry of Petroleum and Minerals (MPM) has reduced the May assessment price for its term crude sales by 74 cents/B, making the...