VOL. XLV

No 50

16-December-2002

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

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

2003

2002

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Asia* (O/D)

Iranian Light (34º)

+0.50

+0.50

+0.55

+0.35

+0.45

+0.45

+0.45

+0.55

+0.40

+0.30

+0.40

+0.30

Iranian Heavy (31º)

-0.10

-0.30

-0.15

-0.05

+0.15

+0.15

+0.15

+0.05

-0.10

-0.10

Parity

-0.10

...