Bonny Light
Bonny Light Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2022-12-31 | $81 | 591 | 601 | 1.92 |
| 2022-11-30 | $93 | 681 | 692 | 2.21 |
| 2022-10-31 | $95 | 696 | 708 | 2.26 |
| 2022-08-31 | $106 | 778 | 790 | 2.53 |
| 2022-07-31 | $118 | 862 | 876 | 2.8 |
| 2022-06-01 | $125 | 918 | 933 | 2.98 |
| 2022-05-01 | $115 | 843 | 857 | 2.74 |
| 2022-03-01 | $121 | 885 | 899 | 2.87 |
| 2022-02-01 | $99 | 724 | 736 | 2.35 |
| 2022-01-31 | $87 | 637 | 647 | 2.07 |
| 2021-12-31 | $74 | 546 | 555 | 1.77 |
| 2021-11-30 | $81 | 592 | 601 | 1.92 |
| 2021-09-01 | $74 | 543 | 552 | 1.76 |
| 2021-08-01 | $71 | 522 | 531 | 1.7 |
| 2021-07-01 | $75 | 552 | 562 | 1.79 |
| 2021-06-01 | $72 | 529 | 538 | 1.72 |
| 2021-05-01 | $68 | 496 | 504 | 1.61 |
| 2021-04-01 | $64 | 470 | 478 | 1.53 |
| 2021-03-01 | $66 | 481 | 488 | 1.56 |
| 2021-02-01 | $62 | 456 | 464 | 1.48 |
| 2020-12-01 | $50 | 363 | 369 | 1.18 |
| 2020-11-01 | $42 | 307 | 312 | 1 |
| 2020-10-01 | $40 | 291 | 295 | 0.94 |
| 2020-09-01 | $41 | 299 | 304 | 0.97 |
| 2020-08-01 | $45 | 333 | 338 | 1.08 |
| 2020-07-01 | $43 | 319 | 324 | 1.03 |
| 2020-06-01 | $39 | 286 | 291 | 0.93 |
| 2020-05-01 | $25 | 182 | 185 | 0.59 |
| 2020-04-01 | $16 | 114 | 116 | 0.37 |
| 2020-02-01 | $58 | 423 | 430 | 1.38 |
Bonny Light Historical price
- In 2017 maximum price $65 per bbl (2017-12-01)
- In 2018 maximum price $58 per bbl (2018-12-01)
- In 2019 maximum price $68 per bbl (2019-12-01)
- In 2020 maximum price $50 per bbl (2020-12-01)
- In 2021 maximum price $74 per bbl (2021-12-31)
- In 2022 maximum price $81 per bbl (2022-12-31)
Understanding Bonny Light Crude Oil: A Comprehensive Guide
What is Bonny Light Crude Oil?
Bonny Light Crude Oil is a high-quality, sweet light crude oil that is produced in Nigeria and is considered one of the most sought-after types of crude oil globally. This type of crude oil is known for its high yields of gasoline and diesel fuel, as well as its low sulfur content, making it an ideal choice for refining into gasoline and diesel fuel.
Characteristics of Bonny Light Crude Oil
Bonny Light Crude Oil is characterized by its light color, low density, and low sulfur content, making it highly prized by refineries around the world. In addition, Bonny Light Crude Oil is also known for its low acidity and high yield of gasoline and diesel fuel, making it an ideal choice for refineries that are looking to produce high-quality gasoline and diesel fuel.
Why is Bonny Light Crude Oil in High Demand?
Bonny Light Crude Oil is in high demand because of its high yields of gasoline and diesel fuel and its low sulfur content. These characteristics make Bonny Light Crude Oil a preferred choice for refineries around the world, especially those that are looking to produce high-quality gasoline and diesel fuel. In addition, Bonny Light Crude Oil is also considered to be a more environmentally friendly option for refineries, as its low sulfur content means that it produces less emissions during the refining process.
How is Bonny Light Crude Oil Extracted and Refined?
Bonny Light Crude Oil is extracted from oil wells in Nigeria and is then transported by tanker ships to refineries around the world. The refining process involves removing impurities and separating the crude oil into different fractions, such as gasoline, diesel fuel, and other petroleum products.
One of the key steps in refining Bonny Light Crude Oil is to remove the sulfur content, as this helps to reduce emissions during the refining process and improve the quality of the gasoline and diesel fuel that is produced. The refining process also involves the use of various chemical processes and catalysts to improve the yield of gasoline and diesel fuel and to ensure that the final product meets the desired specifications.
Conclusion
Bonny Light Crude Oil is a highly sought-after type of crude oil that is prized for its high yields of gasoline and diesel fuel, as well as its low sulfur content. This type of crude oil is in high demand globally, and its extraction and refining process is an important part of the petroleum industry. Whether you're a refinery looking to produce high-quality gasoline and diesel fuel or an individual interested in understanding more about the petroleum industry, understanding Bonny Light Crude Oil is a key step in gaining a comprehensive understanding of the industry.
Understanding Bonny Light Crude Oil: A Comprehensive Guide
What is Bonny Light Crude Oil?
Bonny Light Crude Oil is a high-quality, sweet light crude oil that is produced in Nigeria and is considered one of the most sought-after types of crude oil globally. This type of crude oil is known for its high yields of gasoline and diesel fuel, as well as its low sulfur content, making it an ideal choice for refining into gasoline and diesel fuel.
Characteristics of Bonny Light Crude Oil
Bonny Light Crude Oil is characterized by its light color, low density, and low sulfur content, making it highly prized by refineries around the world. In addition, Bonny Light Crude Oil is also known for its low acidity and high yield of gasoline and diesel fuel, making it an ideal choice for refineries that are looking to produce high-quality gasoline and diesel fuel.
Why is Bonny Light Crude Oil in High Demand?
Bonny Light Crude Oil is in high demand because of its high yields of gasoline and diesel fuel and its low sulfur content. These characteristics make Bonny Light Crude Oil a preferred choice for refineries around the world, especially those that are looking to produce high-quality gasoline and diesel fuel. In addition, Bonny Light Crude Oil is also considered to be a more environmentally friendly option for refineries, as its low sulfur content means that it produces less emissions during the refining process.
How is Bonny Light Crude Oil Extracted and Refined?
Bonny Light Crude Oil is extracted from oil wells in Nigeria and is then transported by tanker ships to refineries around the world. The refining process involves removing impurities and separating the crude oil into different fractions, such as gasoline, diesel fuel, and other petroleum products.
One of the key steps in refining Bonny Light Crude Oil is to remove the sulfur content, as this helps to reduce emissions during the refining process and improve the quality of the gasoline and diesel fuel that is produced. The refining process also involves the use of various chemical processes and catalysts to improve the yield of gasoline and diesel fuel and to ensure that the final product meets the desired specifications.
FAQs
Here are some frequently asked questions about Bonny Light Crude Oil:
1. What makes Bonny Light Crude Oil different from other types of crude oil?
Bonny Light Crude Oil is different from other types of crude oil due to its high yields of gasoline and diesel fuel, as well as its low sulfur content. These characteristics make it a preferred choice for refineries around the world.
2. What is the price of Bonny Light Crude Oil?
The price of Bonny Light Crude Oil is influenced by a variety of factors, including global demand for crude oil, the cost of production, and geopolitical factors that may impact the supply and demand for oil.
3. What are the main uses of Bonny Light Crude Oil?
The main uses of Bonny Light Crude Oil include refining into gasoline, diesel fuel, and other petroleum products. These products are then used in a variety of industries, including transportation, manufacturing, and agriculture.
4. How does the extraction and refining of Bonny Light Crude Oil impact the environment?
Like all types of oil production, the extraction and refining of Bonny Light Crude Oil can have an impact on the environment. However, due to its low sulfur content, Bonny Light Crude Oil is considered to be a more environmentally friendly option than other types of crude oil.
5. Is Bonny Light Crude Oil a sustainable source of energy?
As with all fossil fuels, Bonny Light Crude Oil is a non-renewable resource. However, it is considered to be
Conclusion
In conclusion, Bonny Light Crude Oil is a high-quality, low-sulfur crude oil that is in high demand by refineries around the world. Its unique characteristics make it an ideal choice for producing high-quality gasoline and diesel fuel, and its relatively low environmental impact makes it a more sustainable option than other types of crude oil.
We hope this guide has helped you understand more about Bonny Light Crude Oil and its importance in the global oil market. If you would like to learn more, we encourage you to visit reputable sources of information, such as the Nigerian National Petroleum Corporation (NNPC), the Organization of the Petroleum Exporting Countries (OPEC), or the United States Energy Information Administration (EIA).
At [Insert Company Name], we are committed to providing our customers with high-quality products and services that meet their unique needs. If you are interested in purchasing Bonny Light Crude Oil or other petroleum products, please do not hesitate to contact us.
Sources:
- Nigerian National Petroleum Corporation. (n.d.). Bonny Light. https://www.nnpcgroup.com/NNPCBusiness/BusinessInformation/OilGasinNigeria/BonnyLight.aspx
- Organization of the Petroleum Exporting Countries. (2021, January 15). Bonny Light. https://www.opec.org/opec_web/en/about_us/167.htm
- United States Energy Information Administration. (2022, February 7). Nigeria. https://www.eia.gov/international/content/analysis/countries_long/Nigeria/nigeria.pdf
