Oil Markets

Author: S&P Global Commodity Insights

S&P Global Commodity Insights analysis of key oil price movements across the globe.
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Language: en

Genres: Business, Business News, Investing, News

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Nigeria's Dangote refinery takes spotlight amid Middle East conflict
Thursday, 2 April, 2026

As the conflict in the Middle East has raised the specter of global fuel shortages, Nigeria's new Dangote refinery has attracted growing attention as an alternative supplier. After starting up in 2024, the refinery reached its initial 650,000 b/d capacity for the first time earlier in 2026 and has seen a growing demand for its products from markets further afield. In this podcast, Gary Clark, associate director, EMEA clean refined products at S&P Global Energy, is joined by Matthew Tracey-Cook, senior price reporter on West African refined products, and Kelly Norways, a journalist on the oil news team, to discuss the capacity of Africa's first megarefinery, regional supply risks, and where its product could end up.