NO. 36

6 JUNE 1994

Oil Prices

Abu Dhabi Raises May Crude Prices By $0.60-0.75/B

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthlyassessment prices for term crude sales for May. Murban and Lower Zakum crudeswere increased by $0.65/B to $16.10/B and $16.00/B, respectively, while UmmShaif was raised $0.60/B to $15.60/B and Upper Zakum by $0.75/B to $14.65/B.

The following table shows Abu Dhabi prices for the last ten months ($/B):

Government Monthly Price...