Nigeria’s Crude Export To U.S. Rises Above 5million Barrels

Nigeria’s Crude Export To U.S. Rises Above 5million Barrels

Nigeria’s crude export to the United States rose to 13.67 million barrels in October 2017, and that’s the highest level since February 2013.

Data from U.S. energy information administration shows that the country imported 8.76 million barrels of Nigerian crude in September, down from 12.29 million Barrels in August.

Meanwhile, the price of Nigeria’s Bonny light crude oil reached 67 dollars 10 cents per barrel on Tuesday to emerge the highest priced product among members of the organisation of the petroleum exporting countries.

Other oil grades such as Brass River and Qua Iboe also appreciated in value to sell at 65 dollars 32 cents and 61 dollars 22 cents per barrel each yesterday at the international market.