Dataminal
NigeriaEnergy

Bonny Light Crude Oil Price

The monthly average price of Bonny Light, Nigeria's benchmark crude, in US dollars a barrel since January 2006, from the Central Bank of Nigeria, with month-on-month and year-on-year changes, each year's average, high and low, and the Bank's own crude production and export figures.

Publisher
Central Bank of Nigeria
Frequency
Monthly
Latest month
…
Unit
US$ a barrel, monthly average
Coverage
2006-01 to present
Access
Table · CSV · API
Source: Central Bank of Nigeria, Crude Oil Price, Production and Export. The price is Bonny Light, Nigeria's benchmark crude, not Brent. The production and export figures beside it are the Bank's own; for production measured at the terminals see oil production.

Bonny Light price

Monthly average, US dollars a barrel.

In US dollars of the day, not adjusted for inflation. Bonny Light usually trades within a few dollars of Brent.

Each year's average, high and low

The mean of the year's monthly prices, with its highest and lowest month.

High and low are monthly averages, so a day's extreme price sits outside them. The newest year covers only the months reported so far.

The Bank's production and export figures

Million barrels a day, as the Central Bank carries them beside the price.

The two lines move together because, in every month, the Bank's exports are its production less a fixed 0.45 million barrels a day: the export line is arithmetic, not a measured volume. For production counted at the terminals, by month and stream, use the oil production dataset.