Bonny Light
$122.13USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 37°
- Sulfur
- 0.15%
Crude grade comparison
Bonny Light vs Forties
Price, Bonny Light spread, quality and refinery yields side by side. Updated .
VS
Bonny Light – Forties spread
-26.74 USD/BBL · Bonny Light premium
Forties
$148.87USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 37.8°
- Sulfur
- 0.41%
Bonny Light Crude vs Forties Crude: on July 06, 2026 Bonny Light settled at $122.13/bbl (0.00%) and Forties at $148.87/bbl (0.00%), putting Forties $26.74 above Bonny Light. Bonny Light is light/sweet crude (37° API, 0.15% sulfur); Forties is light/sweet crude (37.8° API, 0.41% sulfur).
Price history
Bonny Light vs Forties 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 Forties avg
- $148.87 30 shared days
- Average spread
- -34.6 Bonny Light minus Forties
- Days Bonny Light above
- 0 / 30 widest $0 on
Bonny Light – Forties spread $/bbl · above zero: Bonny Light premium · below zero: Forties 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 | Forties | Spread |
|---|---|---|---|
| 13 Apr 2026 | - | 148.87 | - |
| 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 | - | - |
| 18 Jun 2026 | 122.13 | - | - |
| 17 Jun 2026 | 122.13 | - | - |
| 16 Jun 2026 | 122.13 | - | - |
| 12 Jun 2026 | 122.13 | - | - |
| 11 Jun 2026 | 122.13 | - | - |
| 10 Jun 2026 | 122.13 | - | - |
| 05 Jun 2026 | 122.13 | - | - |
| 27 May 2026 | 122.13 | - | - |
| 22 May 2026 | 122.13 | - | - |
| 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 | Forties | ||||
|---|---|---|---|---|---|---|
| High | Low | Range | High | Low | Range | |
| 7 Days | - | - | -% | - | - | -% |
| 30 Days | - | - | -% | - | - | -% |
| 90 Days | - | - | -% | - | - | -% |
| 180 Days | 122.13 | 104.6 | 14.35% | - | - | -% |
| 365 Days | 133.58 | 71.96 | 46.13% | 148.87 | 148.87 | 0% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Bonny Light | Chg | Forties | 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
- Forties Crude
Physical & chemical properties
API gravityhigher = lighter
BL37°
F37.8°
Sulfur contenthigher = sourer
BL0.15%
F0.41%
Densityhigher = heavier
BL0.847 g/cm³
F0.837 g/cm³
Viscosityhigher = thicker
BL2.9 cSt
F3.8 cSt
Pour pointhigher = waxier
BL-3 °C
F-8 °C
Typical refinery yields
Gasoline% of barrel
BL50-55%
F46-50%
Diesel% of barrel
BL20-25%
F28-32%
Jet fuel% of barrel
BL01-12'%
F01-12'%
Residual fuel% of barrel
BL08-10'%
F08-10'%
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 | Forties Crude | Bonny Light − Forties |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Nigeria (Niger Delta) | North Sea (UK sector) | |
| Chemical properties | |||
| API gravity | 37° API | 37.8° API | -0.8 °API |
| Sulfur content | 0.15% | 0.41% | -0.26% |
| Density | 0.847 g/cm³ | 0.837 g/cm³ | +0.01 g/cm³ |
| Pour point | -3 °C | -8 °C | +5 °C |
| Viscosity | 2.9 cSt | 3.8 cSt | -0.9 cSt |
| Typical refinery yields | |||
| Gasoline | 50-55% | 46-50% | +5 pts |
| Diesel | 20-25% | 28-32% | -7 pts |
| Jet fuel | 01-12'% | 01-12'% | 0 pts |
| Residual fuel | 08-10'% | 08-10'% | 0 pts |
| Trading & logistics | |||
| Delivery basis | Bonny Terminal, Nigeria | Hound Point, Flotta | |
| Major exchanges | Platts, Argus (Brent differential) | Dated Brent component; spot | |
| Export hub | Bonny Terminal | Hound Point, Flotta | |
| Main destinations | India, Europe, US East Coast | Europe | |
| Benchmark type | Regional (W. Africa) | Global (Brent basket) | |
| Market profile | |||
| Key characteristics | Premium Nigerian crude, ultra-low sulfur, premium for gasoline | BFOET basket component, established North Sea producer | |
| Refining notes | Highly valued for gasoline production | Component of Brent blend pricing | |
FAQ
Bonny Light vs Forties 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 Forties Crude $148.87 per barrel, so Forties traded at a premium of $26.74 over Bonny Light. Over the previous 30 shared price days the spread averaged -34.6 $/bbl, with Forties priced above Bonny Light on 0 day(s).
Bonny Light Crude is a light/sweet Nigeria (Niger Delta) crude (37° API, 0.15% sulfur) and Regional (W. Africa) benchmark. Forties Crude is a light/sweet North Sea (UK sector) crude (37.8° API, 0.41% sulfur) and Global (Brent basket) benchmark.