VOL. XXXVII

NO. 10

6 DECEMBER 1993

Oil Prices

Abu Dhabi Lowers All Crude Prices By $1.25/B For November

The Abu Dhabi National Oil Company (ADNOC) has lowered its retroactivemonthly assessment prices for term crude sales for November by $1.25/B for allits crudes. The November differential between ADNOC's Murban price and the spotaverage for front-month Dubai ($13.64) narrowed to $1.76/B from $1.89/B inOctober.

The following table shows Abu Dhabi prices for the first 11 months of 1993:

Government...