Nigeria Is Turning Into an Oil Market Juggernaut
The massive Dangote refinery establishes the African nation as a major influencer — and a potential disruptor for Europe.
The Dangote Industries Ltd. oil refinery and fertilizer plant near Lagos, Nigeria.
Photographer: Benson Ibeabuchi/BloombergWelcome to our guide to the energy and commodities markets powering the global economy. Today, reporters Alex Longley and Bill Lehane examine the influence that Nigeria’s new refinery will have on oil supplies. The new Switched On podcast episode dives into power markets. To get this newsletter sent to your inbox, sign up here.
In a finely balanced oil market, Nigeria has suddenly reemerged as a key player.