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Argus launches Ghanaian Jubilee and Nigerian Usan daily prices

Argus has started publishing Ghanaian Jubilee and Nigerian Usan crude oil price assessments in the daily Argus Crude report as of 6 July 2015.

The markets for Jublilee and Usan have become more transparent since Argus launched calculated price indication for these grades and many other African crudes in the Argus West Africa Oil report, in April 2015. 

Argus is the first to launch these new assessments, which are included with the extensive west African coverage in the Argus Crude report. They provide African sellers, traders and global buyers a reliable measure of the value of these grades. At a time when African crude firms are seeking new customers as US buying has fallen, and many refiners are seeking to broaden the range of crudes they can process, this increases options for both buyers and sellers. 


Usan  Jubilee
Typical API  30.6 36.4

Typical Sulphur  0.23 0.26
Basis/Location fob Nigeria fob Ghana  
Timing Loading 20-45 days ahead Loading 25-60 days ahead
Cargo Size 1,000,000 bl
950,000 bl
Production (av 1H2015)

166,000 b/d
105,000 b/d

The Argus Crude report has identified daily prices for African crudes since the 1980s, as well as the latest market-moving news.

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Pricing for opaque west African crude oil and products markets

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