Nigeria Price Formulas For October
Nigeria has reduced most of its prices for October, butincreased the formula for Bonny Medium by 19 cents/B. Brass River and Forcadoeswere cut by 1 cents/B, Bonny Light, Qua Iboe and Pennington by 3 cents/B, andEscravos by 4 cents/B. The October formula for Odudu was not available. Thefollowing table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent during 1999 ($/B):
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