VOL. XXXVIII
NO. 01
3 OCTOBER 1994
Oil Prices
Nigeria Raises October Price Formulas By $0.03-0.09/B
Nigeria has raised the price formulas of its October crudes by $0.03-0.09/B.Bonny Light, Qua Iboe, Pennington and Escravos were increased by $0.07/B, whileBrass River was raised by $0.09/B, Bonny Medium by $0.08/B, and Forcados by$0.03/B.
The following table shows the adjustment factors for Nigerian crude oilsin relation to Dated Brent for the last 10 months ($/B):
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