10 JULY 1995

Oil Prices

Abu Dhabi, Oman And Qatar Cut June Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactivemonthly assessment prices for term crude sales by $1.15-1.20/B for June. Murban,Lower Zakum and Umm Shaif were cut by $1.20/B, and Upper Zakum was lowered by$1.15/B from May.

Oman's Ministry of Petroleum and Minerals (MPM) also cut its June assessmentprice for term crude sales by $1.06/B to $16.43/B from $17.49/B in April,narrowing the...