Middle East Economic Survey

VOL. XLVII

No 51/52

20/27-December-2004

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2005

2004

Saharan

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Blend (44)

+0.17

-0.97

+1.10

+0.65

+1.28

+0.27

-0.40

+0.52

+0.57

+0.48

+0.20

+0.40

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

...

2005

2004

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar