VOL. XLIII
No. 05
31 January 2000
OPEC
Nigeria Reduces February Price Formulas
Nigeria has reduced the price formulas for February for all its crudes by 14-30 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent during the second half of 1999 and the first two months of 2000 ($/B):
1999 | 2000 | |||||||||||
Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | |||||
Bonny Light (37º) | +0.06 | +0.08 | +0.26 | +0.23 | +0.32 | +0.15 | +0.30 | +0.06 | ||||
Brass River (41º) | +0.12 | +0.15 | +0.33 | +0.32 | +0.42 | +0.20 | +0.36 | +0.13 | ||||
Qua Iboe (37º) | ... |
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