S&P Global Platts has confirmed it will begin publishing daily spot assessments for two of Nigeria’s most significant crude grades: Amenam Blend and CJ.
The move introduces a standardized, daily pricing mechanism for these specific barrels, which have historically lacked consistent daily benchmark coverage in international markets.
The development aligns with broader efforts by Nigerian authorities to establish a domestic benchmark for African crude oil.
By securing daily assessments from a leading global pricing agency, Nigeria aims to reduce its reliance on foreign pricing mechanisms that have long dictated terms for the country’s exports.
This shift is intended to give Nigerian producers and traders greater visibility and control over the valuation of their specific crude qualities.
Amenam Blend and CJ are key components of Nigeria’s export mix.