VOL. XXXVII

NO. 1

4 OCTOBER 1993

Oil Prices

Nigeria Lowers October Price Formulas For All Crudes By 7 Cents/B

Nigeria has reduced the October price formulas for all its crudes by sevencents/B. The following table shows the adjustment factors for Nigerian crudesin relation to Dated Brent for the first ten months of 1993 ($/B):

 ___________________________1993______________________________ Oct Sep Aug Jul Jun May Apr Mar FebJanBonny Light (37) +0.33 +0.40 +0.62 +0.52 +0.40 +0.50 +0.57 +0.57 +0.40...