Nigeria's flagship crude oil grade, Bonny Light, is currently commanding a significant premium, trading at an impressive $14 above the international benchmark, Brent crude, BusinessDay’s findings have shown.
This significant pricing differential highlights both a strong demand for Nigeria’s light sweet crude and the complexities shaping global oil markets amid geopolitical uncertainties and shifting supply chains.
Market data obtained by BusinessDay showed Nigeria’s Bonny Light was priced at $78.60 per barrel on Thursday, May 22, compared
