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):