1 NOVEMBER 1993
Nigeria RaisesNovember Prices By 9-16 Cents/B
Nigeria has raisedthe November price formulas for all its crudes. Bonny Medium, Bonny Light, QuaIbo and Escravos contract prices were increased 9 cents/B, Forcados 10cents/B, and Brass River and Pennington 16 cents/B. The following table showsthe adjustment factors for Nigerian crudes in relation to Dated Brent for thefirst eleven months of 1993 ($/B):
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