VOL. XLVI

No 33

18-August-2003

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

Sep

Aug

US

Basrah Light (WTI 2nd Month)

-5.20

-4.95

Europe

Basrah Light (Dated Brent)

-2.70

-2.90

Far East

Basrah Light (Oman/Dubai)

0.00

0.00

* For SOMOs calculations for each price formula, see MEES 28 July.

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

Kuwait Export

2003

2002

Crude

Sep

Aug

Jul

Jun

May

Apr

Mar

...