Middle East Economic Survey

VOL. XLVIII

No 1

3-January-2005

Crude Oil Formulas/Posted Prices ($/B)

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

2005

2004

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Bonny Light (37)

Parity

+0.02

+0.76

+0.68

+0.95

+0.25

+0.25

+0.76

+0.75

+0.52

+0.28

Brass River (36)

-0.32

+0.05

+0.80

+0.75

+1.00

+0.30

+0.28

+0.80

+0.77

+0.54

+0.30

Qua Iboe (37)

Parity

+0.02

...