VOL. XLV

No 28

15-July-2002

Crude OilFormulas/Posted Prices ($/B)

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

2002

Asia*(O/D)

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Iranian Light (34º)

+0.45

+0.45

+0.55

+0.40

+0.30

+0.40

+0.30

+0.20

Iranian Heavy (31º)

+0.15

+0.15

+0.05

-0.10

-0.10

Parity

-0.10

-0.10

Foroozan (31º)

+0.25

+0.25

+0.12

-0.03

-0.03

+0.05

-0.05

-0.05

* Set for the quarter, but reviewed...