UAE-OMAN

Abu Dhabi and Oman Raise Prices by Around $1/B for May 

Abu Dhabi and Oman have notified their term contract customers of price increases ranging between $0.95/B and $1.10/B for crude oil deliveries during May. This is the first time this year that the two countries have raised rather than lowered their monthly price assessments which are fixed retrospectively on the basis of actual spot crude prices during the month in question.

Buyers in general seem to find the Abu Dhabi...