China’s refiners are increasing purchases of Nigerian and West African crude as U.S. sanctions and tariffs on Russian oil disrupt global supply chains.
Thank you for reading this post, don't forget to subscribe!With trade restrictions limiting access to Russian crude, Chinese buyers are turning to alternative sources, including Nigeria, Angola, and other West African producers, to meet refining demand.
Industry analysts note that Nigerian crude grades, particularly Bonny Light and Qua Iboe, have seen a rise in demand due to their high-quality, low-sulfur content, which is suitable for Chinese refineries. Additionally, Brazilian crude shipments to China have surged as buyers diversify supply sources.
This shift comes amid heightened geopolitical tensions and energy market realignments, reinforcing Nigeria’s strategic role in global oil exports.
As China adjusts its crude procurement strategy, West African producers stand to benefit from the changing trade dynamics.
