VOL. XXXVIII

NO. 19

6 FEBRUARY 1995

Oil Prices

Nigeria Increases February Price Formulas By 14-32 Cents/B

Nigeria has raisedits February price formulas for crude sales by 14-32 cents/B over Dated Brent.The increases were 32 cents/B for Qua Iboe, 27 cents/B for Brass River andPennington, 23 cents/B for Escravos and Bonny Medium, 16 cents/B for Forcados, and14 cents/B for Bonny Light. The following table shows the adjustment factors forNigerian crude oils in relation to Dated Brent for February and...