Bonny Light
$122.13USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 37°
- Sulfur
- 0.15%
Crude grade comparison
Bonny Light vs Cabinda
Price, Bonny Light spread, quality and refinery yields side by side. Updated .
VS
Bonny Light – Cabinda spread
+58.57 USD/BBL · Bonny Light premium
Cabinda
$63.56USD/BBL
▲ +1.24 (+1.95%)
- Class
- Light/Sweet
- API
- 32°
- Sulfur
- 0.2%
Bonny Light Crude vs Cabinda Crude: on July 06, 2026 Bonny Light settled at $122.13/bbl (0.00%) and Cabinda at $63.56/bbl (+1.95%), putting Bonny Light $58.57 above Cabinda. Bonny Light is light/sweet crude (37° API, 0.15% sulfur); Cabinda is light/sweet crude (32° API, 0.2% sulfur).
Price history
Bonny Light vs Cabinda price chart
Daily assessed prices in USD per barrel and the spread between them.
- 30-day Bonny Light avg
- $114.27 30 shared days
- 30-day Cabinda avg
- $89.21 30 shared days
- Average spread
- +25.06 Bonny Light minus Cabinda
- Days Bonny Light above
- 9 / 30 widest $54.79 on 2026-06-25
Bonny Light – Cabinda spread $/bbl · above zero: Bonny Light premium · below zero: Cabinda premium
Free view: last 30 days. Gaps mark days with no assessment. Subscribe for longer history and Excel export.
View as table
| Date | Bonny Light | Cabinda | Spread |
|---|---|---|---|
| 23 Jun 2026 | - | 72.92 | - |
| 22 Jun 2026 | - | 77.50 | - |
| 15 Jun 2026 | - | 82.71 | - |
| 09 Jun 2026 | - | 94.09 | - |
| 08 Jun 2026 | - | 98.29 | - |
| 04 Jun 2026 | - | 97.68 | - |
| 03 Jun 2026 | - | 97.41 | - |
| 02 Jun 2026 | - | 93.48 | - |
| 01 Jun 2026 | - | 93.48 | - |
| 29 May 2026 | - | 92.72 | - |
| 28 May 2026 | - | 95.73 | - |
| 21 May 2026 | - | 103.17 | - |
| 20 May 2026 | - | 111.75 | - |
| 18 May 2026 | - | 113.25 | - |
| 12 May 2026 | - | 106.43 | - |
| 11 May 2026 | - | 107.39 | - |
| 08 May 2026 | - | 102.71 | - |
| 28 Apr 2026 | - | 107.37 | - |
| 27 Apr 2026 | - | 108.50 | - |
| 24 Apr 2026 | - | 105.33 | - |
| 08 Mar 2026 | - | 88.93 | - |
| 06 Jul 2026 | 122.13 | - | - |
| 02 Jul 2026 | 122.13 | - | - |
| 01 Jul 2026 | 122.13 | - | - |
| 26 Jun 2026 | 122.13 | - | - |
| 25 Jun 2026 | 122.13 | 67.34 | +54.79 |
| 18 Jun 2026 | 122.13 | 74.17 | +47.96 |
| 17 Jun 2026 | 122.13 | 77.81 | +44.32 |
| 16 Jun 2026 | 122.13 | 81.83 | +40.3 |
| 12 Jun 2026 | 122.13 | 87.75 | +34.38 |
| 11 Jun 2026 | 122.13 | - | - |
| 10 Jun 2026 | 122.13 | 90.52 | +31.61 |
| 05 Jun 2026 | 122.13 | 95.97 | +26.16 |
| 27 May 2026 | 122.13 | 96.11 | +26.02 |
| 22 May 2026 | 122.13 | 102.63 | +19.5 |
| 19 May 2026 | 104.60 | - | - |
| 15 May 2026 | 104.60 | - | - |
| 14 May 2026 | 104.60 | - | - |
| 07 May 2026 | 104.60 | - | - |
| 06 May 2026 | 104.60 | - | - |
| 05 May 2026 | 104.60 | - | - |
| 04 May 2026 | 104.60 | - | - |
| 01 May 2026 | 104.60 | - | - |
| 29 Apr 2026 | 71.96 | - | - |
| 09 Apr 2026 | 133.58 | - | - |
| 01 Mar 2026 | 104.60 | - | - |
Price analysis
Highs and lows by period
| Period | Bonny Light | Cabinda | ||||
|---|---|---|---|---|---|---|
| High | Low | Range | High | Low | Range | |
| 7 Days | - | - | -% | - | - | -% |
| 30 Days | - | - | -% | - | - | -% |
| 90 Days | - | - | -% | - | - | -% |
| 180 Days | 122.13 | 104.6 | 14.35% | 113.25 | 62.32 | 44.97% |
| 365 Days | 133.58 | 71.96 | 46.13% | 113.25 | 62.32 | 44.97% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Bonny Light | Chg | Cabinda | Chg | Spread |
|---|---|---|---|---|---|
| 104.60 | 0 | ||||
| 133.58 | 0 | ||||
| 71.96 | -61.62 | ||||
| 104.60 | +32.64 | ||||
| 104.60 | 0 |
Full daily history for both grades since 2019 is available to subscribers.Subscribe now
Crude quality
Quality & refinery yields
How the two crudes differ in the barrel. Each property uses its own scale.
- Bonny Light Crude
- Cabinda Crude
Physical & chemical properties
API gravityhigher = lighter
BL37°
C32°
Sulfur contenthigher = sourer
BL0.15%
C0.2%
Densityhigher = heavier
BL0.847 g/cm³
C0.865 g/cm³
Viscosityhigher = thicker
BL2.9 cSt
C6.8 cSt
Pour pointhigher = waxier
BL-3 °C
C3 °C
Typical refinery yields
Gasoline% of barrel
BL50-55%
C42-46%
Diesel% of barrel
BL20-25%
C32-36%
Jet fuel% of barrel
BL01-12'%
C01-12'%
Residual fuel% of barrel
BL08-10'%
C08-12'%
Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.
Full specification comparison
| Property | Bonny Light Crude | Cabinda Crude | Bonny Light − Cabinda |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Nigeria (Niger Delta) | Angola (Offshore Cabinda) | |
| Chemical properties | |||
| API gravity | 37° API | 32° API | +5 °API |
| Sulfur content | 0.15% | 0.2% | -0.05% |
| Density | 0.847 g/cm³ | 0.865 g/cm³ | -0.018 g/cm³ |
| Pour point | -3 °C | 3 °C | -6 °C |
| Viscosity | 2.9 cSt | 6.8 cSt | -3.9 cSt |
| Typical refinery yields | |||
| Gasoline | 50-55% | 42-46% | +9 pts |
| Diesel | 20-25% | 32-36% | -11 pts |
| Jet fuel | 01-12'% | 01-12'% | 0 pts |
| Residual fuel | 08-10'% | 08-12'% | -2 pts |
| Trading & logistics | |||
| Delivery basis | Bonny Terminal, Nigeria | Cabinda FPSOs | |
| Major exchanges | Platts, Argus (Brent differential) | Spot differential to Brent | |
| Export hub | Bonny Terminal | Cabinda FPSO terminals | |
| Main destinations | India, Europe, US East Coast | Europe, US East Coast, Asia | |
| Benchmark type | Regional (W. Africa) | Regional/Spot | |
| Market profile | |||
| Key characteristics | Premium Nigerian crude, ultra-low sulfur, premium for gasoline | Angolan premium offshore, high-grade deepwater | |
| Refining notes | Highly valued for gasoline production | FPSO offshore production, consistent quality | |
FAQ
Bonny Light vs Cabinda questions
The spread, the quality gap and why each grade is a benchmark.
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July 06, 2026 Bonny Light Crude was $122.13 and Cabinda Crude $63.56 per barrel, so Bonny Light traded at a premium of $+58.57 over Cabinda. Over the previous 30 shared price days the spread averaged +25.06 $/bbl, with Cabinda priced above Bonny Light on 9 day(s).
Bonny Light Crude is a light/sweet Nigeria (Niger Delta) crude (37° API, 0.15% sulfur) and Regional (W. Africa) benchmark. Cabinda Crude is a light/sweet Angola (Offshore Cabinda) crude (32° API, 0.2% sulfur) and Regional/Spot benchmark.