VOL. XXXVI

NO. 36

7 JUNE 1993

OIL PRICES

Abu Dhabi Lowers May Prices By 30-35 Cents/B

The Abu Dhabi National Oil Company (ADNOC) lowered the retroactive monthlyassessment price for term sales in May for all of its crudes by $0.30-0.35/B.Murban, Lower Zakum and Umm Shaif crudes were reduced by $0.30/B from theirApril levels, while Upper Zakum was cut by $0.35/B. The following table showsdetails of the Abu Dhabi prices over the past five months:

Government Monthly Market Assessments ($/B)

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