VOL. XXXVII

NO. 27

4 APRIL 1994

Oil Prices

Nigeria Raises April Formula Prices By $0.02-0.10/B

Nigeria has raised the April price formulas for all its crudes by $0.02 to$0.10/B. The price for Bonny Light, Brass River, Qua Iboe and Escravos wasraised by $0.05/B. Bonny Medium was raised by $0.02/B, Forcados by $0.08/B, andPennington by $0.10/B.

The following table shows the adjustment factors for Nigerian crudes inrelation to Dated Brent for the first four months of 1994 and the last fourmonths of...