Nigeria: 53.7m Barrels of Crude Oil, Condensate Supplied to Local Refiners in Q2 - NUPRC
Nigeria supplied 53.7 million barrels of crude oil and condensate to local refiners in Q2, indicating significant domestic feedstock flow to refining.
Source →The trace
How it reaches your house.
Starting from Crude Oil Feedstock, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Crude Oil Feedstock →supply upMore crude oil feedstock delivered to refiners directly raises availability of core refined fuels like gasoline and diesel.
88% confidenceCrude Oil Feedstock →supply upAdditional crude feedstock can also increase output of heating oil as another downstream refining product.
83% confidenceHop 2
Home heating oil →Prices riseMore crude feedstock run through refineries raises hydrotreating demand for refinery-grade hydrogen, tightening this critical input and putting upward pressure on its price.
69% confidenceHop 3
Hydrogen (refinery-grade) →Shortage riskHome heating oil is marked as critically dependent on refinery hydrogen (0.95 dependency strength), so any hydrogen bottleneck would directly constrain output.
74% confidenceHydrogen (refinery-grade) →Stands to benefitAir Products and Chemicals, Inc.APD
APD has a 40% share of refinery-grade hydrogen supply and an 18-month replacement lead time, so tighter refinery hydrogen demand likely boosts sales and pricing power.
72% confidenceHydrogen (refinery-grade) →Stands to benefitHop 4
Air Products and Chemicals, Inc. →Prices riseAir Products is a major refinery-grade hydrogen supplier, so stronger refinery activity from the added Nigerian crude feedstock should tighten that market and push hydrogen prices up.
66% confidence