June 8, 2020

Oil market responds as Nigeria, Angola, Iraq, Russia renew commitment to OPEC+ decisions

– Price of Nigeria’s Bonny Light hits $40.15 per barrel

By Udeme Akpan

Barely 48 hours after Nigeria, Angola, Iraq and Russia had renewed commitment to OPEC+ decisions; the price of Bonny Light, Nigeria’s premium oil grade, has risen from $38 to $40.15 per barrel, the highest in 2020.

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