VOL. XXXIV

NO. 8

26 NOVEMBER 1990

Oil Prices

Nigeria Raises December Price Formula

Nigeria's NNPC has raised its December price formulas for term customers by 5cents/B against Dated Brent for all crudes, except for Forcados which remainsunchanged and Bonny Medium which is reduced 5 cents/B. The table below shows theDecember adjustment factors for Nigerian crudes in relation to Dated Brent, ascompared with November, October, and 3Q levels ($/B):

 Dec Nov Oct 3Q Bonny Light (37) +0.65 +0.60 +0.50...