No. 12

18 December 1995


Nigeria Boosts January Price Formulas By 4-10 Cents/B

Nigeria has raised its January price formulas for crude sales by 4-10 cents/B over December prices against Dated Brent. Bonny Light and Qua Iboe were increased by 10 cents/B, while Escravos was raised by 9 cents/B, Brass River and Pennington by 8 cents/B and Forcados by 7 cents/B. Bonny Medium was marked up by 4 cents/B. The following table shows the adjustment factors for Nigerian crude oils...