Oil Woes, As Bonny Light Drops By 34.8% In 11 Months
The average price of Bonny Light, Nigeria’s premium oil grade, has dropped by 34.8 percent to $42.9 per barrel in the past 11 months of 2020, due mainly to the prolonged Coronavirus pandemic, drop...
Nigeria’s Bonny Light Price Stabilises At $50 Per Barrel
Barely a few days to the end of the year, the price of Nigeria’s Bonny Light has stabilised at $50 per barrel in the international market, about 25 percent above the 2021 budget benchmark of $40.
This...
NNPC Increases Sales Prices For Crude Oil
The Nigerian National Petroleum Corporation has raised December official selling prices for several of the nation’s crude oil grades.
Reuters reported that price differentials for Nigerian light sweet grades continued at multi-year highs even as official selling prices published...
• Claims retention of committed oil off-takers, market
Nigeria is not in any price war or struggle for market share for crude oil with Saudi Arabia, top official sources at the Nigerian National Petroleum Corporation (NNPC) told THISDAY yesterday in Abuja.
The sources stated that the...
The country’s earnings from crude oil export have continued to fall, as latest data from the Central Bank of Nigeria showed that the volume of crude export dropped by 10.23 million barrels in the month of May.
At the official exchange rate of N315.5 to...
