VOL. XLVI

No 20

19-May-2003

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2003

2002

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

Asia (O/D)

Iranian Light (34)

+0.40

+0.60

+1.05

+0.95

+0.85

+0.50

+0.50

+0.55

+0.35

+0.45

+0.45

+0.45

+0.55

Iranian Heavy (31)

-0.05

+0.10

0.00

+0.20

0.00

-0.10

-0.30

-0.15

-0.05

+0.15

+0.15

...