VOL. XXXVI

NO. 15

11 JANUARY 1993

OIL PRICES

Nigeria Lowers January Prices for all Crudes

The Nigerian National Petroleum Corporation (NNPC) has lowered the priceformulas for all of its crudes for the month of January. Bonny Light, BrassRiver, Qua Iboe and Pennington were reduced by 13 cents/B from their Decemberprices to Dated Brent plus 40 cents/B. Escravos was also reduced by 13 cents/Bto Dated Brent plus 35 cents/B. Forcados and Bonny Medium were both lowered by65 cents/B to Dated Brent minus...