No. 12



Nigerian Price Formulas For April

Nigeria has reduced the April price formulas for Penningtonand Bonny Medium by 5 cents/B and 7 cents/B respectively, but increased theprices for its other crudes by 2-10 cents/B. Brass River was put up by 2cents/B, Bonny Light and Qua Iboe were marked up by 3 cents/B, Escravos wasraised by 6 cents/B and Forcados by 7 cents/B, while Odudu was increased by 10cents/B. The following table shows the adjustment factors for Nigerian...