VOL. XLII
No 51
20-December-1999
NIGERIA
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...
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