Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

Crude Oil Formulas/Posted Prices ($/B)

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

2005

2004

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Asia (O/D)

Iranian Light (34)

+0.75

+0.35

-0.05

-0.05

-0.22

+0.28

+0.63

+0.56

+0.68

+0.98

+0.95

+0.80

+0.70

Iranian Heavy (31)

-1.85

-2.00

-2.55

-2.95

-3.05

-2.90

-1.80

-1.48

-0.85

...