VOL. XXXV

NO. 44

3 AUGUST 1992

Oil Prices

Nigeria Raises Prices of Heavy Crudes by 15 Cents/B in August

The Nigerian National Petroleum Corporation (NNPC) has raised the Augustprice formulas of its gasoil-rich heavy crudes for its term customers by 15cents/B while keeping unchanged the formulas for the light crudes. The price formula for Forcados in August stands at Dated Brent plus 25 cents/B, comparedto plus 10 cents/B in July, while that of Bonny Medium is at parity with DatedBrent, compared...