Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

OPEC/OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Iran (+ / - Adjustment Factor; $/B)

2009

2008

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Asia (O/D)

Iranian Light (34)

+0.50

-0.20

-0.60

-0.95

-0.35

+0.30

+1.00

+1.65

+2.35

+2.25

+1.85

+1.45

+1.60

Iranian Heavy (31)

-0.58

-1.98

-3.18

-3.87

-2.87

-2.47

-3.17

-3.92

-3.92

...