VOL. XXXVII

NO. 32

9 MAY 1994

Oil Prices

Qatar Reduces April Price Formulas By $0.14-0.16/B

Qatar has reduced its Oman-based retroactive crude price formulas for Aprilby $0.16/B and $0.14/B respectively for its Dukhan and Marine crudes. Based onan April price formula of Oman MPM ($14.20/B) plus $0.82/B for Dukhan and OmanMPM plus $0.64/B for Marine, the actual price of Qatar's crude oil has risen to$15.02/B for Dukhan and $14.84/B for Marine, an increase of $1.69/B and $1.71/Brespectively. The...