VOL. XXXVIII
NO. 31
1 MAY 1995
Oil Prices
Nigeria Raises May Price Formulas
Nigeria has increased its May price formulas for crude sales by 13-23 cents/Bover Dated Brent. Prices for Bonny Light, Brass River, Qua Iboe and Focados wereraised by 13 cents/B, while those for Escravos and Bonny Medium were put up by16 cents/B and 18 cents/B respectively. The price for Pennington was raised by23 cents/B over Dated Brent. The following table shows the adjustment factorsfor Nigerian crude oils in relation...
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