VOL. XXXIX No. 52 23 September 1996OPEC

Nigerian October Price Formulas Nigeria reduced the price formulas for most of its crudes for the month of October, but raised the prices of Forcados and Bonny Medium by 13 cents/B and and 18 cents/B respectively. Pennington was cut by 2 cents/B, Bonny Light and Qua Iboe were both reduced by 7 cents/B, Escravos dropped 8cents/B, and Brass River fell by 9 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to...