Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

Crude Oil Formulas/Posted Prices ($/B)

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

2005

2004

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Syrian Light (37)

-3.00

-2.35

-3.80

-5.25

-3.75

-2.50

-2.00

-2.00

-1.50

-2.10

-2.10

-2.20

-1.30

Syrian Heavy (24)

-16.00

-16.00

-17.00

-17.00

-14.00

-12.50

-12.00

-7.00

-6.65

-6.20

-6.20

-6.30

...