VOL. XLIII

No. 29

17-July-2000

OIL PRICES

Crude Oil Formulas/Posted Prices

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

2000

Asia* (O/D)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Iranian Light (34º)

+0.85

+0.60

+0.60

+0.60

+0.35

+0.45

+0.50

+0.50

Iranian Heavy (31º)

+0.35

+0.15

-0.20

+0.05

+0.05

+0.15

+0.15

+0.05

Foroozan (31º)

+0.32

+0.12

-0.23

+0.02

+0.02

+0.12

+0.12

+0.02

NWE/S Africa** (Dated Brent +/- Adjustment Factor; $/B)

Iranian Light (34º)

-1.87

-2.10

-2.10

-1.90

-4.40

____________

*Set for the quarter, but reviewed monthly.

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