VOL. XXX

NO. 7

24-NOVEMBER-1986

OPEC AND OIL PRICES

QATAR

New Price Formula for All Customers

MEES understands that Qatar's QGPC has now abandoned netback pricingaltogether and, as of 1 November, has switched to a formula directly related toOman crude which is priced retroactively for each month on the basis of spottransactions during the month for all its customers. QGPC first introducedOman-based pricing for its Japanese customers in September, but ran intoresistance to the idea of dropping...