VOL. XXXV

NO. 48

31 AUGUST 1992

Oil Prices

Nigeria Raises Prices of Heavy Crudes in September

The Nigerian National Petroleum Corporation (NNPC) has raised the priceformulas of its gasoil-rich heavy crudes for the third consecutive month, whilekeeping unchanged the formulas for the light crudes. The September price formulas for term customers for the heavier crudes - Forcados and Bonny Medium -were raised 15 cents/B each to Dated Brent plus 40 cents/B and Dated Brent plus15 cents/B respectively....