VOL. XXXIV

NO. 26

1 APRIL 1991

Oil Prices

Nigeria Lowers April Price Formulas by 35-55 Cents/B

Nigeria's NNPC has lowered its April crude price formulas for term customersby 35-55 cents/B. Bonny Light, Brass River, Qua Iboe and Pennington are set atDated Brent plus 30 cents/B, (down 35 cents from March); Escravos at Dated Brentplus 25 cents/B (down 35 cents); Forcados at Dated Brent minus 40 cents/B (down55 cents); and the heavier Bonny Medium at Dated Brent less 70 cents/B (down 50cents). The...