VOL. XLVI

No 11

17-March-2003

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

Kuwait Export

2003

2002

Crude

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Far East (31º)

Oman/Dubai

-0.10

+0.10

-0.10

-0.20

-0.40

-0.35

-0.25

-0.10

-0.10

-0.05

-0.15

-0.35

Europe (31º)

IPE BWAVE

NA

-3.20

-2.10

-3.05

-2.80

-3.05

-2.55

-2.55

...