VOL. XXXIV

NO. 18

4 FEBRUARY 1991

Oil Prices

Nigeria Lowers Price Formulas for February

Nigeria's NNPC has decreased the price formulas for term customers in themonth of February by around 10-20 cents/B. Bonny Light, Brass River, Qua Iboeand Pennington are put at Dated Brent plus 45 cents/B, (down 20 cents fromJanuary), Escravos at Dated Brent plus 40 cents (down 20 cents) and Forcados atDated Brent plus 10 cents/B (down 10 cents). Nigeria's heavier Bonny Mediumremained the same at Dated Brent...