VOL. XLIV

No. 21

21-May-2001

OIL PRICES

Crude Oil Formulas/Posted Prices ($/B)

Iraq ($/B)

2001

May(1)

May(2)

May(3)

Apr(4)

Mar(5)

US (Price Ref WTI)*

Kirkuk (Ceyhan)

-8.50

-8.50

-8.50

-8.90

-8.60

Basrah Light (al-Bakr)

-9.45

-9.45

-9.45

-9.65

-9.55

Europe (Price Ref Dated Brent)

Kirkuk (Ceyhan)

-3.00

-2.85

-3.20

-4.20

-4.70

Basrah Light (al-Bakr)

-5.10

-5.10

-5.10

-5.30

-5.00

Asia (Price Ref Oman/Dubai)**

Basrah Light (al-Bakr)

-0.40

-0.40

-0.40

-0.45

-0.40

  1. Price for Kirkuk to Europe covers 16-31 May period.

  2. Price for Kirkuk to Europe...