VOL. XLV

No 24

17-June-2002

OIL PRICES

Crude Oil Formulas/Posted Prices($/B)

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

2002

Asia*(O/D)

Jul

Jun

May

Apr

Mar

Feb

Jan

Iranian Light (34º)

+0.45

+0.55

+0.40

+0.30

+0.40

+0.30

+0.20

Iranian Heavy (31º)

+0.15

+0.05

-0.10

-0.10

Parity

-0.10

-0.10

Foroozan (31º)

+0.25

+0.12

-0.03

-0.03

+0.05

-0.05

-0.05

NWE/S Africa** (BWAVE)

Iranian Light (34º)

-2.35

-2.45

-2.45

...