Nigeria Hikes January Price Formulas
Nigeria has increased its price formulas for January by 9-26cents/B. Pennington was marked up by 9 cents/B, Bonny Medium by 10 cents/B,Escravos by 16 cents/B, and Bonny Light and Qua Iboe by 15 cents/B. Brass Riverand Forcados were increased by 16 cents/B and 18 cents/B respectively, andOdudu was put up by 26 cents/B. The following table shows the adjustmentfactors for Nigerian crude oils in relation to Dated Brent...