Bonny Light
$122.13USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 37°
- Sulfur
- 0.15%
Crude grade comparison
Bonny Light vs Minas
Price, Bonny Light spread, quality and refinery yields side by side. Updated .
VS
Bonny Light – Minas spread
+8.36 USD/BBL · Bonny Light premium
Minas
$113.77USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 35.3°
- Sulfur
- 0.09%
Bonny Light Crude vs Minas Crude: on July 06, 2026 Bonny Light settled at $122.13/bbl (0.00%) and Minas at $113.77/bbl (0.00%), putting Bonny Light $8.36 above Minas. Bonny Light is light/sweet crude (37° API, 0.15% sulfur); Minas is light/sweet crude (35.3° API, 0.09% sulfur).
Price history
Bonny Light vs Minas 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 Minas avg
- $113.77 30 shared days
- Average spread
- +0.5 Bonny Light minus Minas
- Days Bonny Light above
- 0 / 30 widest $9.17 on 2026-03-01
Bonny Light – Minas spread $/bbl · above zero: Bonny Light premium · below zero: Minas 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 | Minas | Spread |
|---|---|---|---|
| 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 | 113.77 | -9.17 |
Price analysis
Highs and lows by period
| Period | Bonny Light | Minas | ||||
|---|---|---|---|---|---|---|
| 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% | 113.77 | 113.77 | 0% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Bonny Light | Chg | Minas | Chg | Spread |
|---|---|---|---|---|---|
| 104.60 | 0 | 113.77 | 0 | -9.17 | |
| 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
- Minas Crude
Physical & chemical properties
API gravityhigher = lighter
BL37°
M35.3°
Sulfur contenthigher = sourer
BL0.15%
M0.09%
Densityhigher = heavier
BL0.847 g/cm³
M0.838 g/cm³
Viscosityhigher = thicker
BL2.9 cSt
M3.1 cSt
Pour pointhigher = waxier
BL-3 °C
M-5 °C
Typical refinery yields
Gasoline% of barrel
BL50-55%
M47-51%
Diesel% of barrel
BL20-25%
M28-32%
Jet fuel% of barrel
BL01-12'%
M10-12'%
Residual fuel% of barrel
BL08-10'%
M08-10'%
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 | Minas Crude | Bonny Light − Minas |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Nigeria (Niger Delta) | Indonesia (Sumatra) | |
| Chemical properties | |||
| API gravity | 37° API | 35.3° API | +1.7 °API |
| Sulfur content | 0.15% | 0.09% | +0.06% |
| Density | 0.847 g/cm³ | 0.838 g/cm³ | +0.009 g/cm³ |
| Pour point | -3 °C | -5 °C | +2 °C |
| Viscosity | 2.9 cSt | 3.1 cSt | -0.2 cSt |
| Typical refinery yields | |||
| Gasoline | 50-55% | 47-51% | +4 pts |
| Diesel | 20-25% | 28-32% | -7 pts |
| Jet fuel | 01-12'% | 10-12'% | 0 pts |
| Residual fuel | 08-10'% | 08-10'% | 0 pts |
| Trading & logistics | |||
| Delivery basis | Bonny Terminal, Nigeria | Dumai, Sumatra | |
| Major exchanges | Platts, Argus (Brent differential) | Indonesia ICP; Platts | |
| Export hub | Bonny Terminal | Dumai, Sumatra | |
| Main destinations | India, Europe, US East Coast | Asia-Pacific, Europe | |
| Benchmark type | Regional (W. Africa) | Regional | |
| Market profile | |||
| Key characteristics | Premium Nigerian crude, ultra-low sulfur, premium for gasoline | Indonesian premium light sweet, clean fuel specs | |
| Refining notes | Highly valued for gasoline production | Light crude with high yields of light products | |
FAQ
Bonny Light vs Minas 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 Minas Crude $113.77 per barrel, so Bonny Light traded at a premium of $+8.36 over Minas. Over the previous 30 shared price days the spread averaged +0.5 $/bbl, with Minas 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. Minas Crude is a light/sweet Indonesia (Sumatra) crude (35.3° API, 0.09% sulfur) and Regional benchmark.