VOL. XXXVIIINO. 67 NOVEMBER 1994
Nigeria Raises November Price Formulas By 14-24 Cents/B
Nigeria has raisedthe price formulas of its November crudes by $0.14-0.24/B over Dated Brent.Brass River was increased by $0.24/B, Pennington by $0.21/B, and Bonny Light,Qua Iboe and Escravos by $0.19/B. Forcados and Bonny Medium were raised by$0.14/B.
The following table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent for the last 11 months ($/B):