Bonny Light crude oil has a sulphur content of around 0.15%, making it a low-sulphur crude oil. Low sulphur content reduces emissions of sulphur dioxide during combustion and makes it easier to refine into clean-burning fuels.
Bonny Light crude oil typically has an API gravity of around 35-38 degrees, indicating that it is relatively light and less dense than other types of crude oil. High API gravity crude oils yield higher proportions of gasoline and diesel when refined.
Low Metals Content: Bonny Light crude oil has low levels of contaminants such as vanadium and nickel, which can cause corrosion and fouling in refinery equipment.
Bonny Light crude oil is priced based on market benchmarks such as the Brent crude oil price, which reflects the cost of crude oil delivered to the Northwest Europe market. Bonny Light crude oil typically trades at a premium to Brent crude oil due to its superior quality and lower sulfur content.
Bonny Light crude oil is exported to various destinations around the world, including Europe, Asia, and the Americas. Major buyers of Bonny Light crude oil include refineries in the United States, Europe, and Asia, where it is used as feedstock for fuel production.
The production and export of Bonny Light crude oil are governed by regulations set by the Nigerian government and international agreements. Compliance with environmental standards and regulations is an important aspect of crude oil production and export.
Overall, Bonny Light crude oil is prized for its high quality and low sulphur content, making it a preferred choice for refineries seeking to produce cleaner-burning fuels. Its availability and market pricing play a significant role in the global oil market, influencing energy prices and economic dynamics.
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