TRADING MARKETS
Trade the Full Spectrum of West African Energy
From Nigerian crude grades to LNG spot cargoes — discover contract specifications, pricing methodologies, and settlement details for every product listed on WEEX.
CRUDE OIL
Nigerian & West African Crude Grades
Physically-delivered and financially-settled contracts for the region’s benchmark crudes. Transparent pricing, standardized quality, and reliable supply chain integration.
Grade
API
Sulphur
Basin
Contract
Bonny Light
37.0
37.00.16%
Niger Delta
BON-LIGHT
Forcados
29.5
29.50.19%
Niger Delta
FORCADOS
Qua Iboe
36.3
36.30.13%
Niger Delta
QUA-IBOE
Bonga
29.5
29.50.20%
Offshore
BONGA
Egina
27.5
27.50.21%
Offshore
EGINA
Amenam
35.0
35.00.17%
Niger Delta
AMENAM
Angola Blend
32.0
32.00.15%
Offshore Angola
ANG-BLEND
Ghana Jubilee
31.5
31.50.14%
Offshore Ghana
GH-JUBILEE
FOB Lagos, FOB Forcados Terminal, or CIF designated ports. Loading window ±3 days.
Daily settlement based on Argus Media West African crude assessments plus WEEX-listed differential. USD-denominated. T+1 settlement.
SGS or Intertek inspection at the loading port. API gravity and sulphur content verified per ASTM standards.
BONNY LIGHT — SPOT
$82.15
+1.4% ($+1.13)
Last updated 14:32 GMT+1
Today’s Volume
1.2M bbl
Open Interest
4.8M bbl
Trades Today
127
PRICING SNAPSHOT
PMS-Lagos
Today’s Volume
+0.8%
AGO-Lagos
₦892.30
+1.2%
JET-Lagos
₦845.00
-0.3%
DPK-Lagos
₦680.20
+0.5%
FO-Lagos
$485.00
+2.1%
Delivery Points
Lekki Depot · Apapa Terminal · Calabar Jetty
REFINED PRODUCTS
Gasoline, Diesel, Jet Fuel & More
Direct access to products from Dangote Refinery, regional import flows, and domestic refinery output. Standardized contracts for the West African downstream market.
PMS (Gasoline)
RON 91–95
₦/Liter
PMS-Lagos
AGO (Diesel)
10 ppm Sulphur
₦/Liter
AGO-Lagos
Jet Fuel
Jet A-1
₦/Liter
JET-Lagos
Refined product contracts are physically delivered to designated Lagos depot terminals or ex-refinery gate. Settlement in Nigerian Naira (NGN) for domestic contracts, USD for export-eligible volumes. Daily price discovery at 11:00 GMT+1.
LIQUEFIED NATURAL GAS
Spot Cargo Auctions & Short-Term Contracts
Direct access to Nigerian, Angolan, and Ghanaian LNG supply. Auction-based spot cargo allocation with transparent bidding and award processes.
1
Cargo Listed
Cargo details posted, 14-day notice
2
Bidding Window
48-hour competitive bidding, sealed/envelope
3
Price Discovery
WAEE clears at a uniform price, results published
4
Nomination & Delivery
Buyer nominates vessel, loading window confirmed
Grade
Capacity
Contract
Nigeria LNG (NLNG)
22.5 MTPA
NLNG-SPOT
Angola LNG
5.2 MTPA
ANG-LNG
Nigeria LNG (NLNG)
2.0 MTPA
GH-LNG
F.O.B. per MMBtu, indexed to Henry Hub plus WEEX LNG differential. Settlement in USD. Delivery within 30–60 days of award.
View Upcoming Auctions
NATURAL GAS
Pipeline Gas & Domestic Supply
Standardized contracts for pipeline natural gas delivery to power generation, industrial, and commercial consumers across Nigeria and the West African region.
Baseload Supply
Firm delivery obligation, 90%+ take-or-pay
Term: 1–5 years
Pricing: Oil-linked or hybrid index
Interruptible Supply
Non-firm, lower priority delivery
Term: Monthly to annual
Pricing: Discount to baseload rate
Spot/Short-Term
Day-ahead to monthly nomination
Term: 1–30 days
Pricing: Daily WEEX Gas Index
Delivery via existing pipeline network: Escravos-Lagos Pipeline System (ELPS), Trans Nigeria Gas Pipeline, West African Gas Pipeline (WAGP) for regional exports. Metering and quality verification per ASTM D1945.
WAEE GAS INDEX
₦445/SCM
Today’s Index
145M SCM traded today
7-Day Trend
PETROCHEMICALS
Emerging Petrochemical Contracts
Supporting West Africa’s industrialization with transparent pricing for polypropylene, urea fertilizer, and planned expansion into methanol and base chemicals.
Polypropylene (PP Raffia)
Grade
Homopolymer, MFI 2–4
Unit
$ per MT
Contract
PP-RAFFIA
Delivery
CFR Lagos / FOB Lekki
Urea Fertilizer
Grade
Prilled, 46% Nitrogen
Unit
$ per MT
Contract
UREA-FOB
Delivery
FOB Lagos / FOB Port Harcourt
Planned 2025–2026 listings: Methanol, Base Oil (Group II/III), Linear Alkyl Benzene (LAB). Member consultation ongoing.
Access Real-Time Market Data
Subscribe to WEEX market data feeds for live prices, historical analysis, and proprietary benchmarks. Available via API, terminal, or file delivery.
Free delayed data available. Real-time requires membership or data license.