NO. 37

12 JUNE 1995

Oil Prices

Abu Dhabi, Oman And Qatar Lower Prices For May

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactivemonthly assessment prices for term crude sales by 15-25 cents/B for May. Murban,Lower Zakum and Umm Shaif were cut by 25 cents/B, and Upper Zakum was lowered by15 cents/B from April.

Oman's Ministry of Petroleum and Minerals (MPM) also reduced its Mayassessment price for term crude sales by 21 cents/B to $17.49/B from $17.70/B inApril,...