VOL. XLVI

No 28

14-July-2003

OPEC

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2003

2002

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Asia (O/D)

Iranian Light (34)

+0.35

+0.60

+0.40

+0.60

+1.05

+0.95

+0.85

+0.50

+0.50

+0.55

+0.35

+0.45

+0.45

Iranian Heavy (31)

+0.05

+0.05

-0.05

+0.10

0.00

+0.20

0.00

-0.10

-0.30

-0.15

-0.05

...