Nigeria’s Dangote oil refinery is buying ever more US crude
“Dangote’s elevated purchases “probably at the margin supported the Brent market a little,” said Sparta analyst Neil Crosby. “I expect WTI to keep flowing to Dangote to some degree in the future, but the volumes will depend on price.”
Bloomberg, June 6, 2025 – Nigeria’s Dangote refinery has significantly increased its imports of US crude, primarily WTI Midland, amid reduced availability of Nigerian crude. Sparta Commodities analyst Neil Crosby commented, “Dangote’s elevated purchases probably at the margin supported the Brent market a little,” highlighting the impact of these shifts on global oil pricing and supply dynamics.
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