VOL. XXXVIII

NO. 34

22 MAY 1995

Oil Prices

Nigerian Price Formulas For June

Nigeria has increased most of its June price formulas for crude sales, withthe exception of Pennington, which was reduced in price by 10 cents/B. Pricesfor Bonny Light and Qua Iboe were raised by 5 cents/B, Escravos was increased by4 cents/B, and Brass River and Forcados were put up by 2 cents/B. Bonny Mediumwas left unchanged. The following table shows the adjustment factors forNigerian crude oils in relation to Dated...