VOL. XL

No. 47

24 November 1997

OPEC

Nigerian December Price Formulas

Nigeria has left most of its crude oil price formulas unchanged for December, withincreases of 2 cents/B for Escravos and Forcados, and a rise of 3 cents/B for BonnyMedium. The following table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent for 1997 ($/B):

1997

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Bonny Light (37ยบ)

+0.50

+0.53

+0.58

+0.04...