VOL. XLV

No 2

14 January 2002

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Iran(Oman/Dubai or BWAVE +/- Adjustment Factor; $/B)

...

2002

2001

Asia* (O/D)

Feb

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Iranian Light (34º)

+0.30

+0.20

+0.15

+0.15

+0.25

+0.25

+0.45

+0.45

Iranian Heavy (31º)

-0.10

-0.10

-0.20

-0.10

-0.20

-0.20

-0.30

-0.15

Foroozan (31º)

-0.05

-0.05

-0.20

-0.10

-0.20

-0.20

-0.30

-0.15