Nigeria’s Dangote Refinery has ramped up processing to a record 40.1 million liters of crude per day in January, accounting for 57% of domestic fuel supply and up from 32 million liters in December 2025. The facility’s move to full 650,000 bpd capacity reduces Nigeria’s dependence on imported fuel and may gradually influence regional demand dynamics for Oil – Brent Crude and Oil – US Crude.
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Over the past month, Brent prices have advanced about 5.88%, while WTI has gained roughly 5.84%, reflecting a broadly constructive tone in the crude complex. Daily technicals currently screen as Buy for WTI and Buy for Brent, suggesting near-term momentum remains positive despite potential medium-term supply-side adjustments from Nigeria’s expanding refining output. Investors can explore more updates, prices, and analysis across global markets at Commodities.