No. 21

19 February 1996


Nigeria Price Formulas For March

Nigeria has raised the March price formulas for its Pennington and Forcados crudes by 5 cents/B and 2 cents/B respectively, but cut the price of the Brass River and Escravos crudes by 2 cents/B and Bonny Medium by 4 cents/B. The price formulas for Bonny Light and Qua Iboe remain unchanged from February. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent for the...