News

US Turns to Dangote Refinery for Jet Fuel Supply

Published

on

By Adenike Lawal

The United States has turned to Nigeria’s Dangote Oil Refinery to meet soaring demand for jet fuel as consumption hits a two-year high.

Reports from Reuters reveal that six vessels carrying 1.7 million barrels of jet fuel from Dangote have already arrived at US ports this month, with another shipment expected in the coming days.

The refinery, Africa’s largest, is now a major supplier in the Atlantic Basin, reshaping global fuel trade.

The surge in US demand comes as maintenance work at a key refinery in New Jersey disrupts domestic supply.

Analysts say this has created an opening for Nigerian exports, though high US fuel stockpiles may limit future shipments.

With air travel expected to peak this summer, Dangote’s role in the market could help stabilize fuel prices. However, concerns remain over economic uncertainties that could affect travel demand in the months ahead.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version