VOL. XLIII

No. 22

29-May-2000

OPEC

Crude Oil Formulas/Posted Prices

OPEC 20-Day Basket Average

Price Avg

Date

($/B)

Daily

25 May

28.78

20-Day Avg*

28 Apr - 25 May

26.64

Weekly Avg

15 May - 19 May

27.97

Monthly Avg

Apr

22.93

Quarterly Avg

1Q

26.11

Year to Date Avg

25.30

Source: OPEC

* The 20-day average is calculated from prices for the last 20 business days.

Egypt (Dated Brent +/- Adjustment Factor; $/B)

1999

2000

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Suez Blend (33º)

-2.05

-1.75

-1.65

-1.65

-1.85

-1.90

-2.95

-2.75

-2.75

Ras al-Bihar (33º)

...