VOL. XL No. 1621 April 1997


Nigeria Raises May Price Formulas By 10-16Cents/B

Nigeria has raised the price formulas for all its crudes by 10-16 cents/B forMay. Brass River went up by 16 cents/B and Pennington was increased by 13cents/B. Bonny Light, Qua Iboe and Escravos were marked up by 11 cents/B,while Forcados and Bonny Medium were raised by 10 cents/B. The followingtable shows the adjustment factors for Nigerian crude oils in relation to DatedBrent for the fourth quarter of 1996 and...