VOL. XXXV
NO. 14
6 JANUARY 1992
Oil Prices
Nigeria Reduces Price Formulas 5 Cents/B in January
The Nigerian National Petroleum Corporation (NNPC) has reduced theBrent-related price formula for all its light crudes as well as Bonny Medium by5 cents/B for January. The following table shows the adjustment factors forNigerian crudes in relation to Dated Brent for January 1992 and the fourthquarter of 1991 ($/B):
Jan 92 Dec 91 Nov 91 Oct 91 Bonny Light (37) +0.35 +0.40 +0.40 +0.30 Bras River (41) +0.35...
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