VOL. XXXVII

NO. 32

9 MAY 1994

Oil Prices

Nigeria Adjusts May Price Formulas

Nigeria has announced slight adjustments in its May price formulas, followinga mid-month readjustment in April. The prices of Bonny Light, Qua Iboe,Pennington and Escravos were raised by 2 cents/B, while Brass River remained unchanged. Forcados and Bonny Medium were reduced by 7 cents/B. Formula prices forNigeria's deferred pricing option have been reduced from 15 cents/B to 8cents/B.

The following table shows the...