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Nigeria's NNPC to Launch New Cawthorne Crude in 2026

2/25/2026

40 8 Full Breakdown

Summary

Story summary

NNPC, Nigeria's state oil company, will export a new light, sweet crude grade called Cawthorne in March 2026.
Cawthorne has an API gravity of 36.4, similar to Bonny Light.
The first shipments are scheduled for the third week of March 2026, with tenders issued for March 24–25.
Cawthorne aims to boost Nigeria's crude output from about 1.65 million bpd to around 1.7 million bpd, following the introduction of Utapate and Obodo.

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Story summary

NNPC, Nigeria's state oil company, will export a new light, sweet crude grade called Cawthorne in March 2026.
Cawthorne has an API gravity of 36.4, similar to Bonny Light.
The first shipments are scheduled for the third week of March 2026, with tenders issued for March 24–25.
Cawthorne aims to boost Nigeria's crude output from about 1.65 million bpd to around 1.7 million bpd, following the introduction of Utapate and Obodo.