NO. 23

6 MARCH 1995

Oil Prices

Nigeria's March Price Formulas

Nigeria has raised its March price formulas for crude sales by 3-8 cents/Bover Dated Brent for its lighter crudes, but reduced the price of the heavierForcados and Bonny Medium. Prices for Bonny Light, Brass River, Qua Iboe andEscravos were raised by 8 cents, while Pennington went up by 3 cents. Forcadosand Bonny Medium were reduced by 8 cents. The following table shows theadjustment factors for Nigerian crude oils in...