VOL. XXXVI

NO. 45

9 AUGUST 1993

OIL PRICES

Nigeria Raises August Price Formulas By 10 Cents/B

Nigeria has raised its August price formulas by a uniform 10 cents/B for allcrudes to reflect a widening of their spot differential with Brent. Thefollowing table shows the adjustment factors for Nigerian crudes in relation toDated Brent for the first eight months of 1993 ($/B):

 _______________________1993__________________________ Aug Jul Jun May Apr Mar Feb JanBonny Light (37) +0.62 +0.52 +0.40 +0.50...