VOL. XXXIX
No. 8
20 November 1995
OPEC
Nigeria Cuts December Price Formulas By 6-10 Cents/B
Nigeria has reduced its December price formulas for crude sales by 6-10 cents/B. Bonny Light, Qua Iboe and Brass River were cut by 10 cents/B, while Pennington and Escravos were reduced by 8 cents/B. Forcados and Bonny Medium were lowered by 6 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent for 1995 ($/B):
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