Dangote’s Lackluster Oil Buying Casts Doubt Over Gasoline Supply

Nigeria’s huge Dangote oil refinery has been buying a lot less crude lately amid operational setbacks, something analysts say could persist into next year and keep supporting gasoline prices.

Dangote is expected to purchase fewer than 300,000 barrels a day of crude this month, according to tanker-tracking data and cargo allocation lists compiled by Bloomberg. The amount, which includes local supplies and imports, is down more than 50% from a peak in July, and is less than half the plant’s capacity.