𝐍𝐢𝐠𝐞𝐫𝐢𝐚𝐧 𝐜𝐫𝐮𝐝𝐞 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 𝐬𝐭𝐫𝐮𝐠𝐠𝐥𝐞 𝐚𝐭 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭

Nigerian crude oil sellers are struggling to secure buyers on the global market, even as domestic refineries complain of inadequate crude supply at home.

Industry sources say several Nigerian crude grades have faced weak demand in recent trading windows, with cargoes remaining unsold longer than usual. The development reflects a mix of softer global demand, increased competition from other oil-producing countries and changing refinery preferences in key markets.

The situation contrasts sharply with complaints from the Dangote Petroleum Refinery, which recently raised concerns over limited access to locally produced crude needed to run its operations at optimal capacity. The refinery has repeatedly called for improved domestic supply arrangements to reduce reliance on imported feedstock.

Analysts note that pricing disagreements, long-term export commitments and logistical challenges have contributed to the mismatch between local supply needs and export realities. While Nigerian producers seek better prices abroad, refiners at home argue that crude availability remains inconsistent.

Market watchers warn that prolonged difficulties in placing Nigerian crude internationally could affect government revenue and foreign exchange inflows. They also stress that resolving supply bottlenecks and aligning export strategies with domestic refining needs will be critical as Nigeria seeks to maximise value from its oil resources.

For now, both crude sellers and local refiners appear caught in a challenging cycle, as global market pressures collide with domestic supply constraints.