Summary: Nigeria LNG exports 2026 are rising from a low base but are still capped by feed-gas supply and not by demand. NLNG’s six-train plant was running at 82–83% utilisation in mid-September, and its 2022 force majeure remains in place. Buyers are asking for more Nigerian cargoes after the Iran war disrupted Gulf supply, and … Read more
Summary: Nigeria oil revenue and the federal budget in 2026 are moving in different directions. Crude prices are far above what the budget assumed, but production is still short of target. Bonny Light was priced at $119.38 on 23 September 2026 against a budget benchmark of $64.85, yet August output of about 1.68 million barrels … Read more
Last updated: September 28, 2026 Summary: Nigeria Has Flipped From Petrol Importer to Regional Exporter The Dangote Petroleum Refinery has fundamentally reshaped Nigeria’s fuel supply chain in 2026, moving the country from decades of near-total petrol import dependence to a position where the refinery now supplies most of what Nigerians pump, while also shipping fuel … Read more
Last updated: September 28, 2026 Summary: Meeting OPEC’s Quota While Missing the Government’s Own Budget Nigeria’s oil production data in 2026 tells two different stories depending on which number you compare it against. Against its OPEC quota, the country has been a consistent performer for months. Against its own federal budget assumptions, it has fallen … Read more
Dangote Says Kenya Court Order Won’t Stop Wednesday’s Refinery Groundbreaking, But Site Work May Be Limited Dangote Group said Monday that a Kenyan court ruling over disputed land in Lamu will not derail Wednesday’s planned groundbreaking ceremony for its proposed 700,000 barrel-per-day refinery, even though the order does restrict what can happen on part of … Read more
Crude oil and gasoline gave up a sharp early advance on Monday and finished the session mixed, in a reminder of just how quickly sentiment in this market can flip on a single headline out of Washington. Prices jumped hard early in the day after hopes faded for a quick breakthrough that would reopen the … Read more