VOL. XXXVIII
NO. 27
3 APRIL 1995
Oil Prices
Nigeria Lowers April Price Formulas
Nigeria has reduced its April price formulas for crude sales by 7-25 cents/Bover Dated Brent. Prices for Bonny Light, Brass River, Qua Iboe and Escravoswere lowered by 25 cents/B, while Pennington was reduced by 20 cents/B, Forcadosby 7 cents/B and Bonny Medium by 14 cents/B. The following table shows theadjustment factors for Nigerian crudes in relation to Dated Brent for April andthe previous eight months ($/B):
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