VOL. XXXIV

NO. 35

3 JUNE 1991

Oil Prices

No Change in Nigerian Price Formulas for June

Nigeria's NNPC has kept its June crude price formulas for term customersunchanged with Bonny Light, Brass River, Qua Iboe and Pennington at Dated Brentplus 30 cents/B, Escravos at Dated Brent plus 25 cents/B and Forcados at DatedBrent minus 55 cents/B. The heavier Bonny Medium was also unchanged at DatedBrent minus 85 cents/B. Because of the prevailing contango market, pricing ofthe crude will change from two...