NO. 4

28 OCTOBER 1991

Oil Prices

Nigeria Raises Price Formulas by 5-10 Cents/B for November

The Nigerian National Petroleum Corporation (NNPC) has raised the Novemberprice of its light crudes by 10 cents/B, with Bonny Light, Brass River, Qua Iboeand Pennington at Dated Brent plus 40 cents/B, compared to plus 30 cents/B inOctober. Escravos and Forcados were also increased by 10 cents/B with Novemberprices at Dated Brent plus 35 cents/B. The heavier Bonny Medium was increasedby 5 cents/B...