VOL. XLII

No. 38

20-September-1999

OPEC

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):

1999

Jan

Feb

Mar...