VOL. XXXVII

NO. 15

10 JANUARY 1994

Oil Prices

Abu Dhabi And Oman Cut December Crude Prices By $1.40- 1.55/B

The Abu Dhabi National Oil Company (ADNOC) has lowered its retroactivemonthly assessment prices for term crude sales for December by $1.40-1.55/B forall of its crudes. The December differential between ADNOC's Murban price andthe spot average for front-month Dubai ($12.17) widened to $1.83/B for Decemberfrom $1.76/B in November and $1.89/B in October.

Meanwhile, Oman's Ministry of Petroleum...