VOL. XLV

No 12

25-March-2002

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Iraq($/B)

2002

Apr(1)

Mar(2)

Mar(3)

Feb(4)

Feb(5)

Jan(6)

Jan(7)

US (Price Ref WTI)*

Kirkuk (36º)

NA

-3.55

-3.55

-3.30

-3.30

-3.85

-3.85

Basrah Light (34º)

NA

-3.90

-3.90

-3.85

-3.70

-4.15

-4.15

Europe (Price Ref Dated Brent)

Kirkuk (36º)

NA

-2.40

-2.10

-1.85

-2.30

-2.30

-0.85

Basrah Light (34º)

NA

-2.85

-2.95

...