Crude Official Selling Prices and Formulas by Country

The following table shows official prices, formulas and relative values for crudes from the Middle East, Africa and the Americas.

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                         **MIDDLE EAST**
                 Nov.    Oct.    Sept.   Aug.    July    June
----------------------------------------------------------------
                         *SAUDI ARABIA*
ASIA (Oman/Dubai)
Super Light      --      +5.30   +3.20   +2.70   +2.20   +2.50
Extra Light      --      +3.90   +2.70   +2.70   +2.20   +2.45
Light            --      +1.85   +1.25   +2.05   +1.35   +1.15
Medium           --      -0.15   -0.30   +0.90   +0.05   -0.35
Heavy            --      -1.90   -1.50   -0.30   -1.05   -1.80
USA (ASCI)
                 Nov.    Oct.    Sept.   Aug.    July    June
Extra Light      --      +3.00   +1.90   +1.20   +1.45   +2.25
Light            --      +0.95   +0.45   +0.35   +0.35   +0.50
Medium           --      -1.75   -1.80   -1.60   -1.80   -1.85
Heavy            --      -4.10   -3.50   -3.00   -3.40   -3.60
EUROPE (Bwave)
Extra Light      --      +1.10   +1.85   -0.40   -1.20   -1.00
Light            --      -1.60   +0.25   -1.65   -2.65   -2.60
Medium           --      -3.85   -1.55   -3.25   -4.15   -4.40
Heavy            --      -6.40   -3.70   -5.50   -6.20   -6.65
MEDITERRANEAN (Bwave)
Extra Light      --      +1.55   +2.40   -0.70   -0.70   +0.30
Light            --      -0.90   +0.15   -2.15   -2.25   -2.10
Medium           --      -3.15   -1.40   -3.35   -3.20   -3.45
Heavy            --      -5.70   -3.60   -5.10   -5.05   -5.65
SIDI KERIR (Bwave)
Extra Light      --      +2.00   +2.85   -0.30   -0.25   +0.65
Light            --      -0.45   +0.60   -1.75   -1.80   -1.75
Medium           --      -2.70   -0.95   -2.95   -2.75   -3.10
Heavy            --      -5.25   -3.15   -4.70   -4.60   -5.30
----------------------------------------------------------------
                 Nov.    Oct.    Sept.   Aug.    July    June
                           *ABU DHABI*
(Outright)
Murban           --      --      --      111.65  101.75  97.35
Lower Zakum      --      --      --      111.25  101.30  96.90
Umm Shaif        --      --      --      111.00  101.05  96.55
Upper Zakum      --      --      --      109.30  99.85   95.65
----------------------------------------------------------------
                             *DUBAI*
(Outright)
Dubai            --      108.85  99.47   94.52   107.58  116.84
vs. DME Oman     -0.25   -0.20   +0.00   +0.10   -0.10   -0.45
----------------------------------------------------------------
                             *IRAN*
ASIA  (Oman/Dubai)
Iran Light       --      +1.95   +1.44   +2.24   +1.54   +1.36
Iran Heavy       --      -0.30   -0.39   +0.81   -0.04   -0.36
Forozan          --      -0.05   -0.18   +1.02   +0.17   -0.18
Soroosh/Norooz*  --      -6.10   -5.60   -5.60   -5.50   -5.50
  (*to Iran Heavy OSP)
EUROPE (Bwave)
                 Nov.    Oct.    Sept.   Aug.    July    June
Iran Light       --      -2.00   -0.15   -2.05   -3.00   -2.95
Iran Heavy       --      -4.15   -1.85   -3.55   -4.40   -4.65
Forozan          --      -4.05   -1.75   -3.45   -4.30   -4.55
MEDITERRANEAN (Bwave)
Iran Light       --      -3.30   -2.25   -4.50   -4.60   -4.55
Iran Heavy       --      -5.60   -3.85   -5.75   -5.60   -5.90
Forozan          --      -5.50   -3.75   -5.65   -5.50   -5.80
Soroosh/Norooz*  --      -4.85   -4.50   -4.10   -4.20   -4.50
  (*to Iran Heavy OSP)
FOB SIDI KERIR (Bwave)
Iran Light       --      -0.65   +0.35   -1.95   -1.95   -1.95
Iran Heavy       --      -2.95   -1.25   -3.20   -2.95   -3.30
Forozan          --      -2.85   -1.15   -3.10   -2.85   -3.20
----------------------------------------------------------------
                             *IRAQ*
ASIA (Oman/Dubai)
Basrah Light     --      +0.00   -0.05   +0.95   +0.30   -0.25
USA (ASCI)
Basrah Light     --      -1.70   -1.50   -1.50   -1.65   -1.80
Kirkuk           --      +0.75   +0.70   +0.60   +0.45   +0.50
                 Nov.    Oct.    Sept.   Aug.    July    June
EUROPE (Dated Brent)
Basrah Light     --      -4.10   -2.50   -3.20   -4.40   -4.50
Kirkuk           --      -1.75   -0.65   -1.15   -2.55   -2.30
----------------------------------------------------------------
                            *KUWAIT*
ASIA (Oman/Dubai)
Kuwait Export    --      -0.35   -0.50   +0.70   -0.15   -0.60
USA (ASCI)
Kuwait Export    --      --      -1.80   -1.60   -1.80   -1.85
EUROPE (Bwave)
Kuwait Export    --      --      -1.25   -2.95   -3.85   -4.10
----------------------------------------------------------------
                             *OMAN*
(Outright)
Oman             --      109.05  99.47   94.42   107.68  117.29
----------------------------------------------------------------
                             *QATAR*
(Outright)
Qatar Land       --      --      --      110.40  100.55  96.15
Qatar Marine     --      --      --      109.14  99.75   95.60
                 Nov.    Oct.    Sept.   Aug.    July    June
----------------------------------------------------------------
                             *YEMEN*
(Dated Brent)
Masila           +1.10   +0.13   +0.52   +0.23   +1.12   +1.63
Marib            +0.00   +0.00   +0.00   +0.00   +0.00   +0.00
================================================================

                         **MIDDLE EAST**
                   **RELATIVE VALUES IN ASIA**

----------------------------------------------------------------
                       vs. Arab Extra Light

Arab Heavy       --      -5.80   -4.20   -3.00   -3.25   -4.25
----------------------------------------------------------------
                          vs. Arab Light

Iran Light       --      +0.10   +0.19   +0.19   +0.19   +0.21
Arab Heavy       --      -3.75   -2.75   -2.35   -2.40   -2.95
----------------------------------------------------------------
                 Nov.    Oct.    Sept.   Aug.    July    June
                         vs. Arab Medium

Iran Heavy       --      -0.15   -0.09   -0.09   -0.09   -0.01
Forozan          --      +0.10   +0.12   +0.12   +0.12   +0.17
Kuwait Export    --      -0.20   -0.20   -0.20   -0.20   -0.25
Basrah Light     --      +0.15   +0.25   +0.05   +0.25   +0.10

vs. Platts Dubai

Murban -- -- -- +3.06 +2.60 +2.91 Lower Zakum -- -- -- +2.66 +2.15 +2.46 Umm Shaif -- -- -- +2.41 +1.90 +2.11 Upper Zakum -- -- -- +0.71 +0.70 +1.21 Qatar Land -- -- -- +1.81 +1.40 +1.71 Qatar Marine -- -- -- +0.55 +0.60 +1.16

================================================================

**ASIA PACIFIC** Nov. Oct. Sept. Aug. July June --------------------------------------------------------------- *INDONESIA* (Outright) Ardjuna -- -- -- 109.64 101.39 98.23 Attaka -- -- -- 112.43 104.00 100.31 Badak -- -- -- 112.43 104.00 100.31 Belida -- -- -- 113.71 104.58 100.83 Cinta -- -- -- 114.45 106.02 102.21 Duri -- -- -- 112.64 104.67 102.36 Handil Mix -- -- -- 109.79 101.54 98.38 Lalang -- -- -- 115.27 106.57 103.42 Minas -- -- -- 115.22 106.52 103.37 Senipah -- -- -- 107.94 96.70 89.98 Walio -- -- -- 107.59 99.34 96.18 Widuri -- -- -- 114.58 106.16 102.47 ---------------------------------------------------------------- *MALAYSIA* (Outright) Bintulu -- -- -- -- 110.44 102.84 Dulang -- -- -- -- 110.44 102.84 Nov. Oct. Sept. Aug. July June Labuan -- -- -- -- 110.74 103.14 Miri -- -- -- -- 110.74 103.14 Tapis -- -- -- -- 110.74 103.14 Tapis Alpha* -- -- +3.05 +5.00 +8.15 +8.30 (*to Dated Brent) ---------------------------------------------------------------- *BRUNEI* (Outright) Seria Light -- -- -- -- 110.74 103.14 Champion -- -- -- -- 110.59 102.99 ================================================================ **AFRICA** --------------------------------------------------------------- *ALGERIA* (Dated Brent) Saharan Blend -- -- -0.80 -1.25 -2.95 -0.5 ---------------------------------------------------------------- *LIBYA* (Dated Brent) Nov. Oct. Sept. Aug. July June Abu Attifel -- -- +2.20 +2.20 +2.20 +2.20 Amna -- -- +0.30 +0.50 +1.00 +1.00 Brega -- -- -1.10 -1.70 +0.10 +0.30 Es Sider -- -- -0.70 -1.30 +0.30 +0.85 Mellitah -- -- -0.80 -1.80 +0.20 +0.50 Sarir -- -- -0.70 -1.20 -0.20 +0.00 Sharara -- -- -0.70 -1.50 +0.85 +1.15 Sirtica -- -- -1.60 -2.20 -0.80 -0.80 Zueitina -- -- +0.70 +0.80 +1.30 +1.30 (Urals) Al-Jurf -- -- +0.40 +0.40 +0.40 +0.40 Bouri -- -- +0.00 +0.00 -0.10 -0.10 ---------------------------------------------------------------- *NIGERIA* (Dated Brent) Abo Blend -- -- +0.00 -0.20 +0.20 +0.40 Agbami -- -- -1.60 -1.65 -0.85 +0.00 Akpo -- -- -1.55 -1.60 -0.90 +0.00 Amenam Blend -- -- +0.50 +0.35 +0.65 +1.20 Antan Blend -- -- -0.20 +0.20 +0.25 +0.40 Nov. Oct. Sept. Aug. July June Bonga -- -- +1.85 +1.75 +2.20 +2.70 Bonny Light -- -- +1.20 +1.15 +1.65 +2.00 Brass Blend -- -- +1.20 +1.15 +1.65 +2.00 EA Blend -- -- +2.80 +2.30 +2.80 +3.10 Ebok -- -- -6.10 -5.90 -5.70 -5.40 Erha -- -- +1.80 +1.80 +2.20 +2.60 Escravos Light -- -- +1.40 +1.30 +1.75 +2.00 Forcados Blend -- -- +2.60 +2.60 +3.00 +3.50 Ima -- -- -1.60 -1.65 -0.95 +0.00 Obe -- -- +0.00 -0.20 +0.20 +0.60 Okono Blend -- -- +0.95 +0.90 +1.45 +1.80 Okoro -- -- +0.20 +0.20 +0.45 +0.70 Okwori -- -- +0.90 +0.80 +1.45 +1.80 Okwuibome -- -- -4.50 -4.50 -4.10 -3.80 OYO -- -- +0.20 +0.20 +0.45 +0.70 Pennington Light -- -- +3.00 +2.80 +3.25 +3.60 Qua Iboe Light -- -- +1.20 +1.15 +1.65 +2.00 Ukpokiti -- -- -1.60 -1.60 -0.90 +0.00 Usan -- -- -1.80 -1.80 -2.00 -1.25 Yoho Light -- -- +1.20 +1.15 +1.65 +2.00 Nov. Oct. Sept. Aug. July June ---------------------------------------------------------------- *EQUATORIAL GUINEA* (Dated Brent) Zafiro -- -- -0.20 +0.30 +0.30 +0.50 ================================================================ **AMERICAS** --------------------------------------------------------------- *MEXICO* USA (Formula) Maya -- +1.45 +1.15 +0.65 +1.65 +2.75 Isthmus -- +3.85 +3.60 +3.50 +4.10 +5.00 Olmeca -- +4.45 +3.95 +3.85 +4.55 +6.15 EUROPE (Formula) Maya -- -0.85 -1.50 -2.00 -1.40 -1.15 Isthmus -- +1.40 +0.90 +0.20 +0.10 +1.10 ASIA (Oman/Dubai) Maya -- -7.45 -7.35 -6.55 -6.65 -7.15 Isthmus -- +0.25 -0.65 -0.55 -1.05 -0.95 ================================================================

Figures represent outright prices in U.S. dollars a barrel, or premiums and discounts to regional benchmarks where plus and minus symbols appear.

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