VOL. XXXIV

NO. 14

7 JANUARY 1991

Oil Prices

Nigeria Rolls Over Price Formulas for January

Nigeria's NNPC has maintained the same price formulas for term customers inthe month of January as in December. Bonny Light, Brass River, Qua Iboe andPennington are put at Dated Brent plus 65 cents/B, Escravos at plus 60 cents/B,Forcados at plus 20 cents/B and the heavier Bonny Medium at minus 25 cents/B.Prices are established 14 days after Bill of Lading for all destinations. Thetable below shows the January...