VOL. XXXIV

NO. 43

29 JULY 1991

Oil Prices

Nigeria Increases Price Formulas 5-10 Cents/B for August

Nigeria's NNPC has increased its light crude August price formulas for termcustomers by 5 cents/B, with Bonny Light, Brass River, Qua Iboe and Penningtonrising to Dated Brent plus 35 cents/B compared to Dated Brent plus 30 cents/B inJuly. Escravos has also been increased 5 cents/B to Dated Brent plus 30 cents/B,while Forcados was increased 10 cents/B to Dated Brent minus 25 cents/B. Theheavier Bonny...