US jet fuel imports surge as Nigeria’s Dangote refinery pushes barrels west
24 March 2025
Time to read: minutes
“Despite lower prices, air travel over the summer could be dampened by economic headwinds from a stock market selloff and waning consumer confidence,” says Sparta analyst James Noel-Beswick.
Reuters, March 24, 2025 – James Noel-Beswick from Sparta commented on U.S. jet fuel imports, noting that a rare arbitrage opportunity, spurred by the Phillips 66 Bayway refinery shutdown, enabled Nigeria’s Dangote refinery to send six cargoes to the U.S., though the window may soon close due to rising inventories.
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