Bonny Light News

Latest Articles

• Bonny Light Crude Prices Plunge 14% As Trump Announces Iran Ceasefire And U.S. Lifts Oil Sanctions

  Published: Apr 9, 2026

  Section: Africa

  Nigeria’s Bonny Light crude oil price dropped sharply to $94.41 per barrel following a significant de-escalation in Middle East tensions. The decline was triggered by a ceasefire a...

• NNPC launches Cawthorne crude export as maiden cargo departs for the Netherlands market

  Published: Apr 8, 2026

  Section: Africa

  The Nigerian National Petroleum Company Limited has successfully introduced Cawthorne, a new light sweet crude grade, into the global energy market. A maiden shipment of 950,000 ba...

• Nigerian Crude Oil Prices Projected to Surpass $80 Per Barrel Following Joint Israel-US Military Action Against Iran

  Published: Feb 28, 2026

  Section: Africa

  Energy analysts expect Nigerian Bonny Light and other local crude grades to hit the $80-per-barrel mark as geopolitical tensions in the Middle East escalate. The direct military en...