VOL.XXXVI

NO.49

6SEPTEMBER 1993

OIL PRICES

NigeriaLowersSeptember PriceFormulas Of Lighter Crudes

By 22 Cents/B

Nigeria has lowered thepriceformulasforitslighter

crudes for September by 22 cents/B,reflecting a narrowing of the spot differential with Brent.The formula forPennington was reduced by 15 cents/B while medium Forcados wasincreasedby5cents/B.TheformulaforBonny Medium

remained unchanged.Thefollowing table shows theadjustment factors for Nigerian crudes in relation to Dated Brent

for the...