Home Business Oil & Gas Nigeria remains top African crude supplier to US with 46.6m barrels

Nigeria remains top African crude supplier to US with 46.6m barrels

Nigeria supplied 46.618 million barrels of crude oil to the United States in 2025, representing 52.2 per cent of Africa’s total crude exports to the US.

Data from the US Census Bureau showed that total US crude imports from Africa stood at 89.371 million barrels in 2025, down from 103.631 million barrels in 2024.

Nigeria’s export volume dropped from 50.793 million barrels in 2024 to 46.618 million barrels in 2025, a reduction of 8.2 per cent.

Despite the lower volume, Nigeria’s share rose from 49.0 per cent in 2024 to 52.2 per cent in 2025, largely because competing African suppliers recorded steeper declines.

In value terms, Africa’s crude exports to the US recorded a sharper contraction than volumes.

The CIF value, which includes freight and insurance, fell from $8.945 billion in 2024 to $6.816 billion in 2025, representing a decline of 23.8 per cent.

ALSO READ

Nigeria’s CIF value dropped from $4.458 billion in 2024 to $3.545 billion in 2025, translating to a reduction of 20.5 per cent.

Nigeria’s share of Africa’s total CIF value edged up to 52.0 per cent in 2025 from 49.8 per cent in 2024.

Among other African exporters, Angola’s crude shipments fell sharply from 18.497 million barrels in 2024 to 8.891 million barrels in 2025.

Ghana’s exports declined from 9.019 million barrels to 3.804 million barrels during the same period.

Libya was the only major supplier to record an increase, rising from 16.993 million barrels in 2024 to 17.761 million barrels in 2025.

Nigeria’s 52.2 per cent share signals stronger relative positioning, but the country exported 4.175 million fewer barrels year on year.

The data underline the limits of relying on market share alone, as a larger slice of a smaller pie still means less oil revenue overall.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version