No. 26

25 March 1996


Nigeria Raises Price Formulas For April By 10-16 Cents/B

Nigeria has raised the April price formulas for all of its crudes by 10-16 cents/B. Brass River was increased by 16 cents/B, while Escravos and Bonny Medium were marked up by 14 cents/B. Bonny Light and Qua Iboe were raised by 12 cents/B, and Pennington and Forcados went up by 10 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent for...