Nigeria’s crude grades rise to $72/brl as red sea tensions disrupt supply
BY MOTOLANI OSENI Nigeria’s premium crude blends—Bonny Light, Brass River, and Qua Iboe—have appreciated to $72.3 per barrel, as regional instability in the Red Sea intensifies concerns over global oil supply. This price surge comes amid renewed attacks by Yemen’s Houthi rebels on commercial shipping. On Tuesday, four crew members aboard the Liberian-flagged bulk carrier […]