VOL. XXXVII
NO. 29
18 APRIL 1994
Oil Prices
Nigeria Revises April Formula Prices Downward
Weakness in the Nigerian spot crude oil market has prompted Nigeria to reviseits April price formulas, reducing its crude prices by 7-11 cents/B from earlierannounced April rates. Bonny Light, Brass River, Qua Iboe, Escravos andPennington were each reduced by 7 cents/B, while prices for Forcados and BonnyMedium were reduced by 11 cents/B from the price formulas announced in earlyApril (MEES, 4 April).
The...
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