VOL. XLII

No 42

18-October-1999

OPEC

Nigeria Raises November Price Formulas

Nigeria has raised all its price formulas for November by1-18 cents/B. Pennington was raised by 18 cents/B and Forcados by 15 cents/B.Brass River and Escravos were marked up by 10 cents/B and Bonny Light and QuaIboe were increased by 9 cents/B. Bonny Medium was put up by 1 cent/B.Regarding Odudu, no October formula was available, but its November crudeformula is 22 cents/B above its September adjustment factor. The...