VOL. XL
No. 25
23 June 1997
OPEC
Nigeria Cuts July Price Formulas By 1-19 Cents/B
Nigeria has reduced the July price formulas for all its crudes by 1-19cents/B. Pennington and Brass River were cut by 19 cents/B, Bonny Light and Qua Iboe weremarked down by 16 cents/B, Escravos was reduced by 15 cents/B and Forcados and BonnyMedium were lowered by 1 cent/B. The following table shows the adjustment factors forNigerian crude oils in relation to Dated Brent for 1997 ($/B):
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Jan | Feb | ... |
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