NO. 11

13 DECEMBER 1993

Oil Prices

Oman Lowers November Crude Oil Price By $1.14/B

Oman's Ministry of Petroleum and Minerals (MPM) has lowered its Novemberassessment price for term crude sales by $1.14/B to $14.12/B, narrowing theMurban/Oman differential to $1.28/B. The Oman/Dubai differential is estimated tohave narrowed slightly to 48 cents/B for November, compared to 50 cents/B inOctober, 42 cents/B in September, 77 cents/B in August and $1.00/B in July. Thefollowing table shows...