VOL. XLI

No. 23

8 June 1998

OPEC

Nigerian Price Formulas For July

Nigeria has reduced the July oil price formulas for Bonny Medium and Forcados by 38cents/B, but left Bonny Light and Qua Iboe unchanged. Pennington was cut by 5 cents/B,while Brass River and Escravos were marked down by 10 cents/B. The following table showsthe adjustment factors for Nigerian crude oils in relation to Dated Brent for 1998 ($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Jul

Bonny Light (37ยบ)

+0.05

Parity

...