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Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65/b

By Ediri Ejoh There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria’s petrol under-recovery or subsidy as

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Oil Market: Bonny Light price hits $65.85 per barrel after OPEC, Non-OPEC meeting

Bonny light By Udeme Akpan Barely 24 hours after the Organisation of Petroleum Exporting Countries, OPEC and Non-OPEC meeting, Tuesday, the price of Nigeria’s Bonny Light has risen to $65.85

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Oil Market: Bonny Light price rises further to $65.01 on OPEC report

Bonny light By Udeme Akpan Barely 48 hours after the release of the Organisation of Petroleum Exporting Countries, OPEC, Monthly Oil Market Report, MOMR, April 13, 2021, the price of

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Bonny Light price drops to $61.54

By Udeme Akpan ENERGY THE price of Nigeria’s Bonny Light, Monday, dropped to $61.54 per barrel over fears of Coronavirus pandemic resurgence in India, a major importer of the nation’s

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Oil Market: Bonny Light price dips to $62.05 on reopening of Suez Canal

By Udeme Akpan The price of Nigeria’s Bonny Light, Tuesday, dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez

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Oil Market: Nigeria’s Bonny Light price dips by 36% — Investigation

Bonny light …Affects nation’s revenue, GDP …Rebound not likely in short-term By Udeme Akpan, Energy Editor With the continued negative impact of the Coronavirus pandemic and other factors, the average

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Bonny Light hits $65.36pb, as OPEC+ mulls oil production increase

Bonny light By Prince Okafor Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of $1.63 cent, or 2.56 percent rise to $65.36 per barrel from the