Middle East Economic Survey

VOL. L

No 34

20-August-2007

OPEC/OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2007

2006

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Asia (O/D)

Iranian Light (34)

+0.99

+0.79

+0.79

+0.60

+0.20

+0.20

+0.30

+0.10

+0.20

0.00

+0.15

+0.55

+0.47

Iranian Heavy (31)

-1.55

-2.05

-2.35

-2.40

-2.70

-2.85

-2.65

-3.15

...