VOL. XXXIII

NO. 27

9-APRIL-1990

Oil Prices

Nigeria 2Q Prices

Nigeria's NNPC has raised its second-quarter term contract price formulas forlight crudes by 5 cents/B, while reducing the heavier grades by 15-25 cents/B.The following table shows the 2Q adjustment factors for the various Nigeriancrudes in relation to the dated Brent spot price yardstick, as compared with 1Q($/B):

 2Q 1Q Change Brass River (41) +0.20 +0.15 +0.05 Bonny Light (37) +0.20 +0.15 +0.05 Qua Iboe (37) +0.20 +0.15 +0.05...