VOL. XLII

No. 02

11-January-1999

OPEC

Nigerian Price Formulas For January

Nigeria has left its price formulas for Bonny Light, Qua Iboe, Escravosand Bonny Medium crudes unchanged for January, but reduced the price of Brass River by 2cents/B. The price formulas for Pennington and Forcados were increased by 3 cents/B. Thefollowing table shows the adjustment factors for Nigerian crude oils in relation to DatedBrent for the last six months of 1998 and January 1999 ($/B):

Jul

Aug

Sep

Oct

...