No. 4

23 October 1995


Nigeria Raises November Price Formulas By 4-6 Cents/B

Nigeria has raised its November price formulas for crude sales by 4-6 cents/B. Bonny Light, Qua Iboe, Escravos and Forcados have been increased by 4 cents/B, while Pennington and Bonny Medium have been put up by 5 cents/B. Brass River is up 6 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent for November and the previous 10 months...