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 | ... |
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