VOL. XXXV

NO. 19

10 FEBRUARY 1992

Oil Prices

Nigeria Introduces Additional Price Cuts for February

The Nigerian National Petroleum Corporation (NNPC), reacting to persistentweakness in the spot market, has introduced additional price reductions forits term customers on the heavier crudes to be delivered in February. Forcados(31 API), which had already been cut 30 cents/B for February, has now beenreduced by another 30 cents/B to Dated Brent minus 25 cents/B, while BonnyMedium (26 API), which was...