In March 2025, the United States’ jet fuel imports surged to a two-year high, significantly influenced by shipments from Nigeria’s Dangote Petroleum Refinery. This development is expected to reduce aviation fuel prices ahead of the peak summer travel season.
Key Highlights:
- Dangote Refinery’s Capacity and Operations: The 650,000 barrels-per-day (bpd) Dangote Refinery, Africa’s largest, commenced operations in January 2025 and reached approximately 85% capacity by February.
- Export Volumes: In March, six vessels transported about 1.7 million barrels of jet fuel from the Dangote Refinery to U.S. ports, with an additional vessel expected by the end of the month.
- Impact on U.S. Jet Fuel Imports: Total U.S. jet fuel imports reached around 226,000 bpd in March, marking the highest level since February 2023.
- Market Dynamics: The influx of jet fuel from the Dangote Refinery has led to increased demand for storage tank leases in Houston and New York Harbor, indicating a significant shift in supply dynamics.
- www.multilinks.biz
These exports underscore the Dangote Refinery’s growing influence in the global fuel market, positioning it as a pivotal player in reshaping fuel trading dynamics across the Atlantic Basin.
Dangote Refinery’s Jet Fuel Exports Reshape Global Market.
www.multilinks.biz
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