VOL. XLI

No. 33

17-August-1998

OPEC

Nigeria Raises Price Formulas For September

Nigeria has increased its oil price formulas for September by 5-38 cents/B. Bonny Lightand Qua Iboe were raised by 5 cents/B, Brass River, Pennington and Escravos were put up by8 cents/B, while Bonny Medium and Forcados were marked up by 37 cents/B and 38 cents/Brespectively. The following table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent for 1998 ($/B):

1998

Jan

Feb

...