VOL. XL

No. 28

14 July 1997

OPEC

Nigeria Increases August Price Formulas By 5-14 Cents/B

Nigeria has increased the August price formulas for its crudes by 5-14 cents/B.Forcados and Bonny Medium were marked up by 5 cents/B, Brass River went up by 7 cents/B,Bonny Light, Qua Iboe and Pennington rose by 9 cents/B, and Escravos was put up by 14cents/B. The following table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent for 1997 ($/B):

1997

Jan

Feb

Mar

Apr

 ...