Middle East Economic Survey

VOL. L

No 52

24-December-2007

Crude Oil Formulas/Posted Prices ($/B)

Syria (Dated Brent + / - Adjustment Factor; $/B)

2008

2007

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Syrian Light (37)

NA

-0.25

-0.80

-0.75

-0.10

-0.50

-0.80

-1.05

-1.50

-1.50

-1.90

-1.90

-2.10

Syrian Heavy (24)

-13.0

-13.00

-10.00

-8.00

-7.50

-9.25

-9.25

-10.75

-9.75

-10.50

-11.25

-12.00

-12.50