No. 8



Nigerian Price Formulas For March

Nigeria has increased the price formulas for some of its crudes for March by 5-14 cents/B, and reduced the formulas for others. The price formulas for Bonny Light, Qua Iboe, and Pennington were raised by 5 cents/B, while those for Escravos and Brass River were increased by 8 cents/B and 14 cents/B respectively. The price formulas for Bonny Medium and Forcados were cut by 18 cents/B and 21 cents/B respectively. The following...