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Nigeria’s Dangote plant buys US oil for first time in 3 months

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Published20 NOV 24 - 16:07 Reading time  minutes

“Earlier this week though, Sparta said in a note that cheaper shipping costs were the main factor in WTI Midland landing cheaply into Europe recently.”

Bloomberg, November 20, 2024 – Nigeria’s Dangote refinery has bought US oil for the first time in three months, purchasing about two million barrels of WTI Midland from Chevron Corp. Sparta noted that cheaper shipping costs are influencing this decision.

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