MARKET NEWS
Nigeria supplies less than half of allocated crude to refineries in early 2026 - REUTERS
LAGOS (Reuters) – Nigerian crude oil producers supplied local refineries with less than half of the volumes allocated under the country’s domestic crude supply rules in the first quarter of 2026, regulator data showed, as pricing disputes continued to hamper deliveries.
The Nigerian Upstream Petroleum Regulatory Commission said 61.9 million barrels of crude were allocated to domestic refineries during the quarter under the Domestic Crude Supply Obligation, while producers offered 68.7 million barrels.
Actual supply, however, stood at 28.5 million barrels, equivalent to about 46% of allocated volumes and around 41% of volumes offered.
