VOL. XXXVI

NO. 19

8 FEBRUARY 1993

OIL PRICES

Abu Dhabi Cuts Prices by $0.95-$1.00/B for January

The Abu Dhabi National Oil Company (ADNOC) has lowered the retroactivemonthly assessment prices of its crudes for term sales by $0.95-$1.00/B forJanuary, reflecting a decline in benchmark crudes. Murban and Lower Zakum werereduced by 95 cents/B to $16.90 and $16.80 respectively, while Umm Shaif andUpper Zakum were each reduced by $1.00/B to $16.55 and $15.40 respectively. Thefollowing table shows the...