How can I buy Bonny Light crude oil?

The easiest way to buy BLCO in bulk quantity is by getting in touch with one of our vetted suppliers who have large allocations of the Bonny Light Crude Oil from NNPC. The transaction terms and and procedure are industry standard and are very transparent.

How much is Bonny Light crude oil?

Crude Oil Price (US$/Barrel), Production (mbd) and Export (mbd)

Month	January	March
Crude Oil Price (Bonny Light)	54.87	65.62
Domestic Production	1.59	1.65
Crude Oil Export	1.14	1.20

What is Bonny Light crude oil used for?

Nigerian Bonny light crude oil (BLCO) is commonly used by the local population in folklore medicine for the management of various forms of gastrointestinal problems and male reproductive capacity.

Where does Bonny Light crude oil come from?

Bonny Light is a light-sweet crude oil grade produced in Nigeria. It is an important benchmark crude for all West African crude production. Bonny Light has particularly good gasoline yields, which has made it a popular crude for US refiners, particularly on the US East Coast.

Is Bonny Light same as Brent crude?

Brent Crude is graded as a light crude oil because of its API Gravity of 38.3 degrees. Similar to Bonny Light, Brent Crude contains sulphur of about 0.37 per cent. It is usually priced at $1 or $2 lower than WTI. Nigeria has other grades of crude oil; Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil.

Does Nigeria produce Brent crude?

While Nigeria’s major export product, Brent Crude dipped a bit at the end of 2021, it stands to post its biggest annual gain in 12 years, thanks to a global economic recovery from the COVID-19 slump and producer restraint, despite record levels of infections throughout the world.

What’s the price of a barrel of Brent crude oil?

Unit conversion for Oil (Brent) Price Today

Conversion	Oil (Brent) Price	Price
1 Barrel = 42 Gallons	Oil (Brent) Price Per 1 Gallon	2.09 USD
1 Barrel ≈ 158,98 Liters	Oil (Brent) Price Per 1 Liter	0.55 USD
1 Barrel = 336 Pint	Oil (Brent) Price Per 1 Pint	0.26 USD

What is the price of Brent crude today?

Futures Overview

Energy	Last	Chg
Brent Crude Oil Continuous Contract	$87.90	0.01
Natural Gas Continuous Contract	$3.751	0.102
RBOB Gasoline Continuous Contract	$2.4400	-0.0222
Heating Oil Continuous Contract	$2.6298	0.0014

Why is Nigerian crude oil light?

Most crude oil blends obtained from Nigeria are classified as light-sweet crude oil blends due to low level of sulphur content and also because they are predominantly light oil grade. …

Does Bonnie have crude oil?

Bonny light oil has an API of 32.9, classified as light oil….

Bonny light oil
Country	Nigeria
Region	Oloibiri
Offshore/onshore	Offshore
Field history

Which country has the best crude oil in the world?

The best crude oil in the world is found in Malaysia. “Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade.

What are the different grades of crude oil?

With that said, the four main types of Crude Oil are: Very light oils – these include: Jet Fuel, Gasoline, Kerosene, Petroleum Ether, Petroleum Spirit, and Petroleum Naphtha. Light oils – These include Grade 1 and Grade 2 Fuel Oils, Diesel Fuel Oils as well as Most Domestic Fuel Oils. Medium oils – These are the most common types of Crude Oil.

What does light crude oil mean?

Light Crude Oil. What does Light Crude Oil mean? A type of liquid petroleum that has a low density and viscosity that is used by oil refineries to produce gasoline and diesel. The most well-known light crude oil in North America is West Texas Intermediate which is a light sweet crude oil with a API gravity of 39.6.

What are the classifications of crude oil?

Classification of crude oil. : Crude oils are classified on the basis of the various structural types of HCs. i.e Alkenes , cyelo alkanes, aromatics and s-o-n compels present in it . the classification also considers sulphur content of the crude oil.