VOL. XLVI

No 38

22-September-2003

OPEC

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2003

2002

Saharan

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Blend (44)

+0.05

0.00

-0.35

0.00

0.00

+0.30

+0.55

+0.35

+0.80

+0.55

+0.17

+0.26

-0.06

Venezuela

2003

2003

2002

($/B)

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Avg

Avg

Basket Price

25.98

25.18

...