VOL.XXXIXNo. 65/6623/30 December 1996OPEC

Nigeria'sPrice Formulas For JanuaryNigeria has raised the price formulas for five of its crudes for January and hascut the price for the remaining two. The price formulas for BonnyLight, Qua Iboe and Pennington were increased by 5 cents/B for January,while Forcados and Bonny Medium were marked up by 10 cents/B. Brass River wasreduced by 3 cents/B and Escravos was marked down by 2 cents/B. The followingtable shows the adjustment factors for Nigerian...