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Nigerian crude oil is renowned for its high quality and low sulfur content, making it a highly desirable grade in the global energy market. Predominantly light and sweet, Nigerian crude yields a high proportion of valuable products such as gasoline, diesel, and jet fuel during refining. Key crude grades from Nigeria include Bonny Light, Forcados, Qua Iboe, and Escravos. These crudes are favored for their ease of refining and strong market demand, particularly in Europe and Asia. Nigeria remains one of Africa’s largest oil producers, with its crude oil playing a significant role in the country’s economy and global energy supply.
Market check · updated 5 Nov 2026
In Oct 2026, Crude oil, Brent averaged US$125 per barrel, up 93.2% on a year earlier. The world price is a reference grade; ask the seller for a firm quote for this product.
World reference · Crude oil, Brent, Oct 2026
US$125 / barrel
+93.2% vs Oct 2025
| Crude oil, Brent | Oct 2025 · 65 | Apr 2026 · 120 | Oct 2026 · 125 |
|---|
Sources: World Bank Commodity Price Data (Pink Sheet), Oct 2026.
Who trades crude oil (brent) · 2025
Imports, US$ million
Exports, US$ million
Source: UN Comtrade, HS 2709, 2025, as reported by each country.
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AUGUSTEQUIP NIGERIA LIMITED lists Crude oil /BLCO on Global Trade Plaza from Nigeria. The seller describes its business as trader. The listing was added in May 2025. Minimum order on the listing: 2,000,000 metric ton.
Payment terms accepted by the seller: L/C, D/P, D/A and T/T. Packaging stated: Customised, 2,000,000 litters. Lead time stated by the seller: 14 weeks. Brand: Augustequip Ng Ltd. Material: Crude oil. Ask AUGUSTEQUIP NIGERIA LIMITED for a firm quote and delivery terms before you order.
AUGUSTEQUIP NIGERIA LIMITED is a B2B supplier based in Nigeria, listed on Global Trade Plaza since February 2025. Business type: Trader. Deals in Industrial Machinery. Use Inquire now or Chat with supplier to ask AUGUSTEQUIP NIGERIA LIMITED for prices, specifications and documents for Crude oil /BLCO.
AUGUSTEQUIP NIGERIA LIMITED accepts L/C, D/P, D/A, T/T for Crude oil /BLCO. Agree the payment terms in writing with the supplier before you pay.
Placing an order for Crude oil /BLCO with AUGUSTEQUIP NIGERIA LIMITED is quick and straightforward on Global Trade Plaza, a leading B2B marketplace for global buyers and suppliers. You can:
When purchasing Crude oil /BLCO from a B2B marketplace in 2025, focus on the following critical factors:
Comparing prices and communicating directly with AUGUSTEQUIP NIGERIA LIMITED can help ensure value for money and better sourcing decisions.
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AUGUSTEQUIP NIGERIA LIMITED, a B2B supplier from Nigeria, dispatches Crude oil /BLCO primarily through the port at Nigeria. Packaging types (e.g., bulk, custom, eco-friendly) and estimated pricing may vary based on order volume and destination. To get detailed logistics and pricing information, use Get a quote or Chat with supplier, or Sign Up for direct supplier interaction.