Middle East Economic Survey

VOL. XLVIII

No 3

17-January-2005

Crude Oil Formulas/Posted Prices ($/B)

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

Kuwait Export

2005

2004

Crude

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Far East (31º)

Oman/Dubai

-2.70

-3.10

-3.30

-3.15

-2.00

-1.65

-1.05

-0.65

-0.65

-0.60

-0.70

-0.80

-0.90

2005

2004

1Q

4Q

3Q

2Q

1Q

Europe

KEC...