3 MAY 1993
Nigeria Reduces Light Crude Prices And Raises Heavier Grades For May
The Nigerian National Petroleum Corporation (NNPC) has reduced the priceformulas for its lighter crudes by 7 cents/B for the month of May, while raisingthose for heavier grades by 5-10 cents/B. The following table shows theadjustment factors for Nigerian crudes in relation to Dated Brent for the firstfive months of 1993 ($/B):
_____________1993_______________ May Apr Mar Feb Jan Bonny Light...