No. 16

15 January 1996


Nigeria Raises February Price Formulas By 10-22 Cents/B

Nigeria has boosted its February price formulas for crude sales by 10-22 cents/B over January prices against Dated Brent. Bonny Light, Qua Iboe and Escravos were increased by 16 cents/B, while Brass River and Pennington were put up by 10 cents/B. Forcados was raised by 19 cents/B and Bonny Medium by 22 cents/B. The following table shows the adjustment factors for Nigerian crude oils in...