Lagos — Price of Nigeria’s number one crude grade, Bonny Light dropped by nearly $3 per barrel or 4 percent in October.
Statistics from OPEC’s Monthly Oil Market Report, MOMR for November, showed that price of the crude grade was $64.02 in September, sliding to $61.45 in October.
However, despite the drop in price, Bonny Light was still carried the highest price tag among all fourteen crude grades belonging to OPEC members in October.
Arab light was sold at $60.99, Basrah Light $59.52, Djeno went for $57.13, Es Sider for $59.78, and Girassol went for $61.34.
Other crude grades produced by members of the Organization for the Petroleum Exporting Countries’ members, such as Iran Heavy was sold for $57.94 in October.
Kuwait Export crude grade was sold at $60.52, Merey $45.69, Murban sold at $60.88, Oriente at $54.60, Rabi Light at $58.98, Sahara Blend at $60.48, while Zafiro was sold at $60.68 per barrel.
OPEC’s fourteenth grade reference basket price stood at $59.91 in October.