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2025-08-02 08:12:42
[The crude oil market is undergoing a sudden shift! Africa's "black gold" exports have plummeted, what's the trajectory of oil prices?] ⑴ Traders are digesting news of reduced Nigerian crude oil exports due to the impact of domestic refineries. ⑵ One trader stated that due to the seasonal slowdown in demand and upcoming refinery maintenance, reduced crude oil demand is expected to weaken the crude oil spread. ⑶ Sources report that the Nigerian National Petroleum Corporation (NNPC) will ship five cargoes of crude oil to the Dangote Refinery in September. ⑷ Preliminary data indicates that Nigeria's average daily exports of four major crude oil grades in September were approximately 758,000 barrels. ⑸ This figure is lower than the planned 864,000 barrels per day in August. ⑹ This suggests that the impact of Nigeria's domestic refineries on the country's crude oil exports is becoming apparent.
