VOL. XLI

No. 30

27 July 1998

OPEC

Nigerian Price Formulas For August

Nigeria has left unchanged for August the oil price formulas for Bonny Light, Qua Iboeand Brass River, but cut Pennington by 8 cents/B. The price of Escravos was increased by 7cents/B, while Forcados and Bonny Medium were raised by 8 cents/B. The following tableshows the adjustment factors for Nigerian crude oils in relation to Dated Brent for 1998($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Bonny...