NO. 37

13 JUNE 1994

Oil Prices

Qatar Reduces May Price Formulas By $0.07/B

Qatar has reduced its Oman-based retroactive crude price formulas for May by$0.07/B for its Dukhan and Marine crudes. Based on a May price formula of OmanMPM ($15.05/B) plus $0.75/B for Dukhan and Oman MPM plus $0.57/B for Marine, theactual price of Qatar's crude oil has risen to $15.80/B for Dukhan and $15.62/Bfor Marine, an increase of $0.78/B for each crude. The following table showsQatar's formula and...