NO. 22

4 MARCH 1991

Oil Prices

Nigeria raises Price Formulas for March

Nigeria's NNPC has increased its crude price formulas for term customers inthe month of March by 5-20 cents/B. Bonny Light, Brass River, Qua Ibo andPennington are put at Dated Brent plus 65 cents/B, (up 20 cents from February);Escravos at Dated Brent plus 60 cents/B (up 20 cents); Forcados at Dated Brentplus 15 cents/B (up 5 cents); and, the heavier Bonny Medium at Dated Brent less20 cents/B (up 5 cents/B). The...