Nigeria’s four largest crude oil grades now live on InterContinental Exchange swaps
Trading at the first day of InterContinental Exchange (ICE) market which opened on Monday, September 17, 2018 has shown that Nigeria’s four largest crude oil grades made up of Bonny Light, Forcados, Qua Iboe and Bonga started on a nice…
Bonny Light maintains rising profile as OPEC raises production target from July
Whereas crude oil prices fell on Monday after the decision by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to raise crude supplies to about one million barrels by starting from July 1, Nigeria’s Bonny Light crude…
No buyers for Nigerian crude as oil cargoes keep hovering on high seas?
At a time July consignments are lining up, oil grades continued to struggle, weighed down by a surplus of unsold June loading cargoes. International reports say some 20 cargoes remained from the June loading programme, out of a total of…
