NO. 35

1 JUNE 1992

Oil Prices

Nigeria Reduces Price Formulas by 5 Cents/B for June

The Nigerian National Petroleum Corporation (NNPC) has reduced the June priceformulas for all its crudes by 5 cents/B compared with prices in May. BonnyLight, Brass River, Qua Iboe and Pennington now stand at Dated Brent plus 50cents/B, Escravos at Dated Brent plus 45 cents/B, Forcados at parity with DatedBrent and Bonny Medium at Dated Brent minus 25 cents/B. The following tableshows the adjustment...