VOL. XXXVIII
NO. 42
17 JULY 1995
Oil Prices
Nigeria Lowers August Price Formulas By 5-10 Cents/B
Nigeria has lowered its August price formulas for crude sales by 5-10cents/B. Brass River and Bonny Medium were cut by 10 cents/B, Bonny Light, QuaIboe and Escravos were reduced by 9 cents/B, while Forcados and Pennington weremarked down by 6 cents/B and 5 cents/B respectively. The following table showsthe adjustment factors for Nigerian crude oils in relation to Dated Brent forAugust and the previous...
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