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Dangote’s Nigerian Crude Grab to Shake Up Atlantic Oil Markets

Oil
 

The West African crude market is set to be “substantially tighter” in the fourth quarter because of the supply to Dangote, said Ronan Hodgson, a London-based analyst at FGE. The volumes could even send Nigerian exports below 1 million barrels a day, he said.

“If the refinery runs at higher rates, the West African market for gasoline and diesel imports will shrink extremely quickly,” FGE’s Hodgson said.

 

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