Bloomberg is reporting that a senior official at Nigeria’s 650k b/d Dangote refinery said it is reselling cargoes of US crude, aligning with earlier reports from Reuters.

  • The anonymous official told Bloomberg that the refinery is selling US supplies, though has the option to procure more local barrels if needed.
  • The previous Reuters story – which cited four trade sources - suggested that both US and Nigerian barrels could be on offer, while Bloomberg refers only to US cargoes.
  • Reuters said that the cause of the re-offers was a technical issue at the refinery.
  • Both Bloomberg and Reuters said that the CDU continues to operate.
  • As sources are unnamed, it cannot be confirmed whether Bloomberg’s source is unique or among those cited earlier by Reuters.

OIL PRODUCTS: UPDATE: Nigeria’s Dangote Reselling US Crude: Bloomberg

Last updated at:Jul-26 17:24By: Lawrence Toye

Bloomberg is reporting that a senior official at Nigeria’s 650k b/d Dangote refinery said it is reselling cargoes of US crude, aligning with earlier reports from Reuters.

  • The anonymous official told Bloomberg that the refinery is selling US supplies, though has the option to procure more local barrels if needed.
  • The previous Reuters story – which cited four trade sources - suggested that both US and Nigerian barrels could be on offer, while Bloomberg refers only to US cargoes.
  • Reuters said that the cause of the re-offers was a technical issue at the refinery.
  • Both Bloomberg and Reuters said that the CDU continues to operate.
  • As sources are unnamed, it cannot be confirmed whether Bloomberg’s source is unique or among those cited earlier by Reuters.