VOL.XXXIXNo. 6018 November 1996OPEC

NigeriaLowers December Price Formulas By 15-23 Cents/BNigeria has reduced the price formulas forall of its crudes for December. Pennington fell by 15 cents/B, whileBonny Light and Qua Iboe were cut by 18 cents/B. Escravos and Forcados weremarked down by 20 cents/B, Brass River was lowered by 22cents/B and Bonny Medium fell by 23 cents/B. The following table shows theadjustment factors for Nigerian crude oils in relation to Dated Brent for1996 ($/B):...