VOL. XLIV

No. 20

14-May-2001

Crude Oil Formulas/Posted Prices

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

2001

2000

Asia* (O/D)

Jun

May

Apr

Mar

Feb

Jan

Dec

Nov

Oct

Iranian Light (34º)

+0.20

+0.20

+0.20

+0.35

-0.35

0.00

+0.10

0.00

+0.20

Iranian Heavy (31º)

-0.25

-0.15

-0.15

-0.15

-0.85

-0.75

-0.55

-0.90

-1.05

Foroozan (31º)

-0.25

-0.15

-0.15

-0.15

-0.85

-0.75

-0.58

-0.93

-1.08

NWE/S Africa** (BWAVE 2001 - Dated Brent 2000)

Iranian Light (34º)

-3.00

-3.55

-3.40

-2.50

-2.10

NA

-1.30

-4.35

-3.20

Iranian Heavy (31º)

-3.75

-4.20

...