VOL. XXXVII
NO. 32
9 MAY 1994
Oil Prices
Nigeria Adjusts May Price Formulas
Nigeria has announced slight adjustments in its May price formulas, followinga mid-month readjustment in April. The prices of Bonny Light, Qua Iboe,Pennington and Escravos were raised by 2 cents/B, while Brass River remained unchanged. Forcados and Bonny Medium were reduced by 7 cents/B. Formula prices forNigeria's deferred pricing option have been reduced from 15 cents/B to 8cents/B.
The following table shows the...
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