VOL. XLII

No. 29

19-July-1999

OPEC

Nigeria Raises August Price Formulas

Nigeria has increased its August price formulas by 2-16cents/B. Bonny Light and Qua Iboe were raised by 2 cents/B, Brass River was putup by 3 cents/B, Pennington, Escravos and Bonny Medium were increased by 4cents/B, Odudu was marked up by 7 cents/B, and Forcados was raised by 16cents/B. The following table shows the adjustment factors for Nigerian crudeoils in relation to Dated Brent during 1999 ($/B):

1999

Jan

Feb

...