Photo Credit: Punch / Reuters
2025-12-19 15:00:00
Reuters, via a report carried by The Punch, says Nigerian crude sellers are facing weak demand for multiple December-loading cargoes due to a wider global surplus and cheaper alternative supplies.
The overhang highlights how Nigeria’s fiscal stability remains exposed to global oil-cycle swings—especially when barrels clear only at discounts.
Verification: Reuters-based reporting republished by Channels TV and TRT Afrika also described unsold Nigerian crude cargoes and a supply glut context.
Quotes: Channels TV: “Nigerian oil struggles to find buyers…” TRT Afrika: “struggling to find buyers… due to… cheaper alternative supplies…”
Analysis/Echotitbits take: This is a revenue-and-FX warning sign. Watch for price differentials, production stability, contract competitiveness, and whether non-oil export reforms accelerate as a hedge.
Source: The Punch — 2025-12-19 — https://punchng.com/global-oversupply-leaves-nigerian-crude-unsold/
The Punch 2025-12-19
