NO. 15

10 JANUARY 1994

Oil Prices

Qatar Reduces December Price Formulas 8 Cents/B

Qatar has adjusted its Oman-based price formulas for December, lowering thepremiums on its Dukhan and Marine crudes by 8 cents/B. Actual prices fell by$1.52/B and $1.49/B respectively. The December price formula for Dukhan is OmanMPM ($12.68/B) plus 75 cents/B, while Marine is Oman MPM plus 50 cents/B. Thefollowing table shows Qatar's formula and actual crude prices for the whole of1993: