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 ... |
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