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New data shows US buying 50% less crude oil from Nigeria
Summary by Legit.ng - Nigeria News.
3 Articles
3 Articles
United States Slashes Nigerian Crude Imports By 47% As Trade Volumes Decline In January 2026
Data from U.S. trade authorities has shown a significant drop in crude oil imports from Nigeria, with volumes falling sharply in January 2026 compared to the previous month, signalling a shift in energy trade flows between both countries. According to figures released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, crude oil imports from Nigeria declined to 1.664 million barrels in January from 3.149 million barrels recorded …
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