VOL. XLI

No. 38

21-September-1998

OPEC

Nigeria Raises Price Formulas For October

Nigeria has increased its oil price formulas for October by 7-20 cents/B. Bonny Light,Qua Iboe, Escravos and Bonny Medium were raised by 10 cents/B, Forcados was marked up by 7cents/B, Brass River by 14 cents/B and Pennington by 20 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

...