VOL. XXXIX No. 56 21 October 1996OPEC

Nigeria Raises November Price Formulas By 25-35 Cents/BNigeria has raised the price formulas for all of its crudes for November. Brass River went up by 25 cents/B, while Bonny Light and Qua Iboe rose by 27 cents/B. Escravos was marked up by 28 cents/B, Pennington by 31 cents/B, Forcados by 34 cents/B and Bonny Medium by 35 cents/B. The following table shows the adjustment factors for Nigerian crude oils in relation to Dated Brent for 1996 ($/B): ______...