VOL. XXXV

NO. 30

27 APRIL 1992

Oil Prices

Nigeria Raises Light Crude Price Formula by 10 Cents/B for May

The Nigerian National Petroleum Corporation (NNPC) has raised the May priceformula for its light crudes by 10 cents/B, a similar increase to that adoptedin April, while keeping the formula for its heavier crudes unchanged. The lightBonny Light, Brass River, Qua Iboe and Pennington crudes were raised to DatedBrent plus 55 cents/B and Escravos to Dated Brent plus 50 cents/B, while theheavier...