VOL. XXXVI

NO. 45

9 AUGUST 1993

OIL PRICES

Abu Dhabi And Oman Cut July Prices By $1.25-1.40/B

The Abu Dhabi National Oil Company (ADNOC) has lowered its retroactivemonthly assessment prices for term crude sales in July by $1.25/B for the threemain crudes (Murban, Lower Zakum and Umm Shaif) and by $1.40/B for Upper Zakum.The July differential between ADNOC's Murban price and the spot average forfront-month Dubai widened to $1.79/B from $1.63/B in June.

At the same time, Oman's Ministry of Petroleum...