Cameroon's national hydrocarbons agency, SNH, has agreed on official prices for Kolé and Lokélé crude oils for the second quarter of 2026 with operators Perenco and Addax Petroleum.
The agreement establishes the revenue baseline for these specific grades during the period, providing clarity for state coffers and operator cash flows.
The pricing decision comes as global oil markets adjust to shifting supply dynamics.
Brent crude has retreated from recent highs, reflecting a normalization in shipping routes through the Strait of Hormuz after earlier disruptions drove prices to four-year peaks.
This stabilization allows producers to lock in quarterly benchmarks with greater predictability than during the peak volatility phase.
For Cameroon, a net oil exporter, these quarterly price settings are critical for budgeting and fiscal planning.