VOL. XLV

No 31

5-August-2002

OIL PRICES

CrudeOil Formulas/Posted Prices ($/B)

Algeria(DatedBrent +/- Adjustment Factor; $/B)

2002

Saharan

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Blend (44º)

+0.09

-0.30

-0.55

-0.40

-0.40

None

+0.06

+0.32

Iraq($/B)

2002

Aug(1)

Jul(2)

Jul(3)

Jun(4)

Jun(5)

US (Price Ref WTI)*

Kirkuk (36º)

NA

-3.05

-3.05

-3.25

-3.25

Basrah Light (34º)

NA

-3.60

-3.60

-3.85

-3.85

Europe...