VOL. XL

No. 13

31 March 1997

OPEC

Nigerian Price Formulas For April Cut By 50-87 Cents/B

Nigeria has reduced the price formulas for all its crudes forApril by 50-87 cents/B. Brass River was cut by 50 cents/B, while Bonny Light and Qua Iboewere reduced by 54 cents/B. Escravos was marked down by 56 cents/B, and Pennington, BonnyMedium and Forcados fell by 71 cents/B, 85 cents/B and 87 cents/B respectively. Thefollowing table shows the adjustment factors for Nigerian crude oils in relation to...