VOL. XXXVII
NO. 15
10 JANUARY 1994
Oil Prices
Nigeria Lowers January Prices By 15-22 Cents/B
Nigeria has lowered the January price formulas for all its crudes. BonnyLight, Qua Ibo and Escravos contract prices were reduced by 17 cents/B, BrassRiver by 15 cents/B, For-cados and Bonny Medium by 20 cents/B and Pennington by22 cents/B. The following table shows the adjustment factors for Nigerian crudesin relation to Dated Brent for January 1994 and the last six months of 1993($/B):
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