VOL. XXXVII

NO. 10

6 DECEMBER 1993

Oil Prices

Nigeria Raises December Prices By 10-13 Cents/B

Nigeria has raised the December price formulas for all its crudes. BonnyLight, Qua Iboe and Escravos contract prices were increased by 10 cents/B, BrassRiver by 11 cents/B, Forcados by 12 cents/B, and Bonny Medium and Pennington by13 cents/B. The following table shows the adjustment factors for Nigerian crudesin relation to Dated Brent for the whole of 1993 ($/B):

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