VOL. XLIII

No. 07

14-February-2000

OIL PRICES

Crude Oil Price Formulas / Posted Prices

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

1999

2000

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Iranian Light (34º)

-0.20

-0.30

-0.20

+0.10

+0.55

+0.35

+0.85

+0.60

+0.60

Iranian Heavy (31º)

-0.45

-0.65

-0.55

-0.25

+0.20

+0.10

+0.35

+0.15

-0.20

Foroozan (31º)

-0.51

-0.71

-0.61

-0.31

+0.14

+0.04

+0.32

+0.12

-0.23

Irans prices for Asia are set for the quarter, but reviewed monthly.

Kuwait (+/- AF; $/B)

1999

2000

Kuwait Export Crude

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Far...