OPEC

New Nigerian Oil Prices 

As a result of the successive cuts in oil prices by Norway and the UK, Nigeria on 18 October announced reductions in its crude oil prices, effective immediately, ranging from $1.00-$2.00/B. The following table shows the new slate of Nigerian crude prices ($/B):

 Crude Previous 18 Oct. Change  Brass River (41.5°) 30.00 28.00 - 2.00 Qua Ibo (37°) 29.95 27.95 - 2.00 Bonny Light (37°) 30.00 28.00 - 2.00 Escravos (36°) 29.85 27.90 - 1.95...