Retroactive Price of Reference Crude Murban Raised to us56.90/B in December,Making an Average of us53.65/B Through 2005

摘要

Following reductions of us2.75-3/b in November,Abu Dhabi National Oil Company (ADNOC) has raised its retroactive crude oil export prices for term liftings in December,with the increases ranging from us1.85/b for Upper Zakum to us1.95/b for Murban and us2/b for Lower Zakum and Umm Shaif.The selling prices of these four crudes in December thus went up to us53/b,us56.90/b,us56.95/b and us56.25/b respectively.Through 2005 as a whole,the price of Murban averaged us53.65/b,representing a us16.85/b increase over 2004 (us36.80/b).The prices of Abu Dhabi's other crudes rose in the same proportions,averaging us53.69/b for Lower Zakum,us53/b for Umm Shaif and us49.50/b for Upper Zakum.