VOL. XXXVII
NO. 49
5 SEPTEMBER 1994
Oil Prices
Nigeria Cuts September Price Formulas By $0.05-0.13/B
Nigeria has reduced the price formulas of its September crudes by$0.05-0.13/B. Bonny Light, Qua Iboe, Pennington and Escravos were cut by$0.05/B. Bonny Medium was reduced by $0.08/B, while Forcados was lowered by$0.10/B and Brass River by $0.13/B.
The following table shows the adjustment factors for Nigerian crude oils inrelation to Dated Brent for the last nine months ($/B):
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