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Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold (10585 Views)

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Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Ipisi(m): 8:46am On Dec 19, 2025
those people supporting him they will follow us pay tax join.. lol.. thanks to God I will save my money in foreign currency
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Exousiang01(m): 8:47am On Dec 19, 2025
Lanretoye:
I tought they said buhari has used all the crude oil to borrow money…na them go concoct fake news,na them go still come counter am
Tinubu has cleared that debt
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by seunowa(f): 8:49am On Dec 19, 2025
Lanretoye:
I tought they said buhari has used all the crude oil to borrow money…na them go concoct fake news,na them go still come counter am
What is therein is beyond your mental faculty so you may not understand.
Was it true that Buhari used crude oil to obtain loan? Yes, but larger portions of the crude oil have been honored by dis government.
Relax bro, you are too filled with bitterness and hatred that may have affected your critical thinking.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by bunmioguns(m): 8:50am On Dec 19, 2025
But wait, I thought the 'Renewed Hope' choir told us that the world is begging for our oil? 20 million barrels floating on the Atlantic like abandoned pure water nylon, yet we are borrowing to pay salaries.

While other countries are using their oil money to fix their currency, our own is busy looking for buyers like a Lagos hawker at 11 PM. At this rate, very soon we will start using the unsold crude oil to fry akara since the world has moved on to better options. We are truly 'giant' of Africa ,giant in carrying last!
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Exousiang01(m): 8:52am On Dec 19, 2025
CodeTemplarr:
You mean even with Dangote begging for the oyel to refine.
That time Dangote asked to buy, they said there are forward contracts for even the oil still inside the ground. Now there are no buyers.
What a contradiction.
Not all our crude now.
We still had a percentage to FX. If we were to be using all the crude to pay debt how do you think the country would have moved.
What they meant was they didn't have enough after paying debts and selling for FX. They didn't say they won't supply Dangote and Dangote never said they didn't supply him.
It's just that he wasn't getting enough crude for feedstock.
There is something we call feedstock it is important that it is maintained.
A refinery is not something you switch on and off.
If that Refinery is switched off for 10minutes it will take a daya or weeks to start production again.
So you need feedstock to keep it running
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by miyagi01(m): 8:52am On Dec 19, 2025
Lanretoye:
I tought they said buhari has used all the crude oil to borrow money…na them go concoct fake news,na them go still come counter am
Get your fact right, Buhari used a percentage of our crude oil not all
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by malali: 8:53am On Dec 19, 2025
RUSSIA, IRAN AND VENEZUELA

Are flooding the market with Black market crude oil being sold at $45.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by ElevationD: 8:53am On Dec 19, 2025
Kewtt:
Give Dangote oil, you say lailai
It does not matter. Even Dangote has the right to purchase cheaper crude from wherever he finds it. More expensive crude means higher petrol price, do not forget.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by HenryThegreat1(m): 8:54am On Dec 19, 2025
I don't get, how about dangote
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by CodeTemplarr: 8:54am On Dec 19, 2025
Exousiang01:
Not all our crude now.
We still had a percentage to FX. If we were to be using all the crude to pay debt how do you think the country would have moved.
What they meant was they didn't have enough after paying debts and selling for FX. They didn't say they won't supply Dangote and Dangote never said they didn't supply him.
It's just that he wasn't getting enough crude for feedstock.
There is something we call feedstock it is important that it is maintained.
A refinery is not something you switch on and off.
If that Refinery is switched off for 10minutes it will take a daya or weeks to start production again.
So you need feedstock to keep it running
In al your grammar n jargons, i cant see what's stopping Dangote from buying that unsold 20m barrel. The more you look, the less you see.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by FreeIgboho: 8:56am On Dec 19, 2025
Watcharena:
it has been there since Day one
He just announced it yesterday

Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Dotherightthing: 8:58am On Dec 19, 2025
Crude oil price will fall

Fuel will get cheaper and cheaper tongue
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Watcharena: 8:59am On Dec 19, 2025
FreeIgboho:
He just announced it yesterday
There has always been sanction on their oil you can not just buy their oil like any other one
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Sheerbliss: 9:00am On Dec 19, 2025
Yet Dangote de beg for crude. No be juju be that?
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Exousiang01(m): 9:00am On Dec 19, 2025
CodeTemplarr:
In al your grammar n jargons, i cant see what's stopping Dangote from buying that unsold 20m barrel. The more you look, the less you see.
You lack of basic intelligence to understand basic talks is your problem not mine.

And dis Dangote tell you that he is currently in need of crude and the Government didn't sell to him?
He he sent you a memo saying he is in need of crude?
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by lawani(m): 9:02am On Dec 19, 2025
malali:
RUSSIA, IRAN AND VENEZUELA

Are flooding the market with Black market crude oil being sold at $45.
Very good news!
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by JuanDeDios: 9:03am On Dec 19, 2025
iwaeda:
https://nairametrics.com/2025/12/18/nigeria-crude-oil-struggles-to-find-buyers-as-20-million-barrels-remain-unsold/
Sell it to Dangote naa. Sebi they said he's importing crude? Edo Refinery sef be dey find crude.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by fabolouz1(m): 9:03am On Dec 19, 2025
story from the gods. there are struggling to find buyers and dangote can't get enough of local supplies that he resorted importing from usa and india and crude are still been pumped daily across the oil fields.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by CodeTemplarr: 9:03am On Dec 19, 2025
Exousiang01:
You lack of basic intelligence to understand basic talks is your problem not mine.

And dis Dangote tell you that he is currently in need of crude and the Government didn't sell to him?
He he sent you a memo saying he is in need of crude?
Yes and geet lost.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by gabbytabby: 9:04am On Dec 19, 2025
How come when Dangote and the Nigerian Modular refineries dey shout say them need supplies.

Or na fake news by the mischievous enemies of Nigeria kwo.

iwaeda:
https://nairametrics.com/2025/12/18/nigeria-crude-oil-struggles-to-find-buyers-as-20-million-barrels-remain-unsold/
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by lawani(m): 9:07am On Dec 19, 2025
gabbytabby:
How come when Dangote and the Nigerian Modular refineries dey shout say them need supplies.

Or na fake news by the mischievous enemies of Nigeria kwo.
Market swings. Someone has explained it up there. There is cheap black market crude in the market and even Dangote will not buy the Nigerian crude until the price drops
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by lawani(m): 9:11am On Dec 19, 2025
If black market dealers are already selling 45 dollars now. What will happen if cost of living is forced down in the west? I guess oil will be like fifteen dollars or less
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by chipet67(m): 9:12am On Dec 19, 2025
Lanretoye:
I tought they said buhari has used all the crude oil to borrow money…na them go concoct fake news,na them go still come counter am
You are bold in ignorance.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by correctguy101(m): 9:12am On Dec 19, 2025
Lanretoye:
I tought they said buhari has used all the crude oil to borrow money…na them go concoct fake news,na them go still come counter am
Na so o.

Normally, people suppose gather protest for all these mumu matters and request any werey wey give false testimony while in public office, to be investigated and dealth with but as usual, the people needs a leader. But the so-called activists dey for country with too many unsatisfied masses, yet they're not using them. Na online activist dem be.

No ask me why I no do so myself. My lazy self no be activist. And I'm not even suited for matters like that.

I know where my strength dey. And if I ever get involved in any serious movement, gods help us but I'm sure una go hear... wink
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by salesbloo: 9:13am On Dec 19, 2025
The figure is fabricated
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by Hhh4444: 9:16am On Dec 19, 2025
That one concern tinubu...The crude when dem dey sell since, we no see the impact.
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by lawani(m): 9:18am On Dec 19, 2025
salesbloo:
The figure is fabricated
If no buyer for ten days the figure will climb up to that
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by BreakingNews21: 9:20am On Dec 19, 2025
Friends, it looks like we are in the midst of a global slowdown aka a recession. I found the link to the oringinal Reuters article. Plan accordingly!🧑🏾‍💻

https://www.reuters.com/business/energy/west-african-oil-struggles-find-buyers-global-surplus-builds-2025-12-18/
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by gare(f): 9:21am On Dec 19, 2025
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by lawani(m): 9:23am On Dec 19, 2025
BreakingNews21:
Friends, it looks like we are in the midst of a global slowdown aka a recession. I found the link to the oringinal Reuters article. Plan accordingly!🧑🏾‍💻

https://www.reuters.com/business/energy/west-african-oil-struggles-find-buyers-global-surplus-builds-2025-12-18/
So cheaper oil is recession to you?
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by BlackPhanter: 9:25am On Dec 19, 2025
Nigeria should shift towards exporting finished products like PMS/AGO/Jet A1 etc
Re: Nigeria Crude Oil Struggles To Find Buyers As 20 Million Barrels Remain Unsold by fineboynl(m): 9:26am On Dec 19, 2025
This one is sponsored post abeg
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