Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Crude Oil Formulas/Posted Prices ($/B)

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

2005

2004

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Asia (O/D)

Iranian Light (34)

+0.95

+0.95

+0.95

+1.15

+0.75

+0.35

-0.05

-0.05

-0.22

+0.28

+0.63

+0.56

+0.68

Iranian Heavy (31)

-1.70

-1.20

-1.45

-1.55

-1.85

-2.00

-2.55

-2.95

-3.05

...