Nigeria: Prices of Bonny Light, Others Edge Higher

The price of Nigeria's Bonny Light and other Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crudes stood at $54.55 a barrel yesterday, compared with $50.83 the previous day, according to OPEC Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

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