No. 43



Nigeria Cuts Price Formulas For November

Nigeria has decreased most of its oil price formulas for November by5-10 cents/B, with the exception of Forcados. Bonny Light and Qua Iboe were each cut by 8cents/B, while Escravos and Brass River were reduced by 10 cents/B. Bonny Medium andPennington were cut by 5 cents/B. Forcados was raised by 10 cents/B. The following tableshows the adjustment factors for Nigerian crude oils in relation to Dated Brent for 1998...