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Nigeria oil exports to US up by 1.4m barrel in Q2

Nigeria oil exports to US up by 1.4m barrel in Q2

The volume of crude oil export from Nigeria to the United States of America was up by 1.4 million barrels in the second quarter, Q2, of this year, according to data from the US Energy Information Administration, EIA.

Nigeria exported a total of 6.93 million barrels of crude oil in the quarter, up from 5.53 million barrels in the first three months of the year.

The US had previously lowered its oil imports from Nigeria due to a boost in shale oil production in that country, but increased its imports due to the negative impact of the coronavirus on exploration and production.

However, the volume of Nigerian crude oil bought by the country dropped by 11.83 percent in the third quarter of this year to 6.11 million barrels compared to the volume bought in Q2.

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Source: SweetCrudeReports

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