No. 17

27 April 1998


Nigerian Price Formulas For May

Nigeria has raised the May crude oil price formula for its Brass River crude by 5cents/B and left Bonny Light and Qua Iboe unchanged at parity with Dated Brent. Escravoswas increased by 2 cents/B for the month while Forcados was lowered by 5 cents/B and BonnyMedium marked down by 10 cents/B. Pennington was reduced by 5 cents/B. The following tableshows the adjustment factors for Nigerian crude oils in relation to Dated Brent for...