VOL. XLV

No 20

20-May-2002

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

...

2002

2001

Asia*(O/D)

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Iranian Light (34º)

+0.55

+0.40

+0.30

+0.40

+0.30

+0.20

+0.15

+0.15

+0.25

Iranian Heavy (31º)

+0.05

-0.10

-0.10

Parity

-0.10

-0.10

-0.20

-0.10

-0.20

Foroozan (31º)

+0.12

-0.03

-0.03

+0.05

-0.05

-0.05

-0.20

-0.10

-0.20