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Gbeminiyi Ogunleye
4 weeks ago
Overview
Nigeria’s Crude Export To US Hit Highest Level In 6 Years «
Nigeria’s crude export to the United States increased from 358,000 barrels per day to 364,000 bpd after the Dangote Petroleum Refinery reduced its daily fuel production between April and May 2025.
Quoting the Energy Information Administration, Reuters reported that US crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years.
“Crude imports from Nigeria rose by 358,000 bpd to 364,000 bpd, marking the highest import figure from the African nation since October 2019. The jump in imports comes as Nigeria’s 650,000 bpd Dangote refinery has faced an unplanned outage from April 7 to May 11,” the report said.
Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, compared with analysts’ expectations in a Reuters poll for a 118,000-barrel rise.
