The Price of Nigeria’s premium crude oil grade, Bonny Light, has surged to $54.11 per barrel, apparently the highest in 2021. The new price is an excess of $14 per barrel when compared to the $40 per barrel benchmark of the nation’s 2021 budget. This came as the Organisation of Petroleum Exporting Countries, OPEC, and others pressed for stability in the market. OPEC, which concluded its 13th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, January 5, 2021, called for the cooperation of all stakeholders in order to…
Read MoreBonny Light hits 2021 highest, trades for $54.11 per barrel
