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...