VOL. XXXIV

NO. 48

2 SEPTEMBER 1991

Oil Prices

Nigerian Price Formulas for September

Nigeria's NNPC has reduced its light crude September price formulas for termcustomers by 5 cents/B, with Bonny Light, Brass River, Qua Iboe and Penningtondecreasing to Dated Brent plus 30 cents/B compared to Dated Brent plus 35cents/B in August. The gas oil rich Forcados was increased by 40 cents to DatedBrent plus 15 cents/B, compared to minus 25 cents/B in August, and a similarincrease of 40 cents/B was also...