Bonny light

The price of Nigeria’s Bonny Light dropped to $62.05 per barrel from $64.50 in the international market on the heels of the reopening of the Suez Canal for business. The blockage of the Canal by a container vessel for over one week had…

The oil price has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to the Organisation of Petroleum Exporting Countries, OPEC oil cut deal. For instance, the price of Brent, usually used to benchmark…