VOL. XXXIV

NO. 6

12 NOVEMBER 1990

Oil Prices

Nigeria Raises November Price Formulas

Nigeria's NNPC has raised its November price formulas for term customers by10-15 cents/B against dated Brent for all crudes, except Forcados which remainsunchanged. The table overleaf shows the November adjustment factors for Nigeriancrudes in relation to Dated Brent, as compared with October and 3Q levels ($/B):

 Nov. Oct 3Q Bonny Light +0.60 +0.50 +0.20 Brass River +0.60 +0.50 +0.20 Qua Iboe +0.60 +0.50 +0.20...