S&P 5007,482.58▼0.3% Nasdaq25,870.65▲0.2% Dow52,348.09▼1.1% Russell 2K2,948.91▼1.1% 10-Yr4.57%+4bp VIX16.86+0.73 WTI$74.03▲5.1% Gold$4,091.40▼1.3% EUR/USD1.143▼0.1% BTC$63,168▲1.5% Nikkei68,257▼2.1%
At close · Thu, Jul 9, 2026
Daily Market Updates.

Commodities

Home›Commodities›Energy›Dangote refinery boosts Europe fuel exports and cuts c…

Dangote refinery boosts Europe fuel exports and cuts clean imports

The refinery’s run at full capacity has helped lift clean product exports to Europe to record levels, while regional imports of clean products fell nearly 25% year over year in the second quarter.

Reported · Written up by our desk · Energy

OilPrice reports that Dangote’s 700,000 b/d Lekki refinery has been operating at full capacity for the past two months, driving record product export levels to Europe.

The outlet adds that the refinery’s output has reshaped West African fuel trade, with imports of clean products from outside the region down nearly 25% year over year in the second quarter.

← Newer storyDow falls as oil prices surge on renewed fighting with Iran

More like this

CommoditiesKalshi traders see odds of gasoline prices above $3.50 on Nov Election Day
CommoditiesChina ends Anaklia deep-water port project in Georgia
CommoditiesCanada and Saudi Arabia unveil over C$1 billion in mining and energy deals
CommoditiesU.S. crude production hits a record 13.6 million bpd
CommoditiesLowry reserves extend Sandfire's Black Butte copper mine life to 12 years

Sources

OilPriceDangote’s Next Move Could Create the World’s Largest Refinery

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.