Nigeria’s Dangote mega refinery is now poised to import the lion’s share of its feedstock from domestic sources for Q3, according to Bloomberg data, indicating a reduction of U.S. crude oil intake. In the second quarter of this year, the embattled Dangote refinery was acquiring less than 75% of its crude feedstock from domestic sources. Developments at Nigeria’s Dangote refinery can easily impact oil prices, as they did in July, when Dangote said it might resell imported U.S. oil as it shifts its focus to domestic…
