NO. 46

15 AUGUST 1994

Oil Prices

Qatar Reduces July Price Formulas By $0.12-0.15/B

Qatar has reduced its Oman-based retroactive crude price formulas for July by$0.12/B and $0.15/B respectively for its Dukhan and Marine crudes. Dukhan waspriced at Oman MPM ($16.90/B) plus $0.48/B, while Marine was set at Oman MPMplus $0.28/B. The actual price of Qatar's crude oil rose to $17.38/B for Dukhanand $17.18/B for Marine. This is a price increase of $0.70/B and $0.67/Brespectively. The...