Locator: 47042B.
VIX: under 14.
NBA playoffs: no surprises yet.
Gasoline demand, link here:
BLS: link here.
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Back to the Bakken
WTI: $78.87.
Sunday, May 5, 2024: 6 for the month; 70 for the quarter, 269 for the year
40277, conf, BR, Carlsbad 1B UTFH,
Saturday, May 4, 2024: 5 for the month; 69 for the quarter, 268 for the year
39465, conf, Hess, EN-Bakke-157-93-1522H-6,
None.
RBN Energy: Nigeria's Dangote refinery likely facing a long, slow ramp-up. Archived.
The new 650-Mb/d Dangote refinery in Nigeria instantly became Africa’s largest and the world’s seventh-largest by capacity when it finally began processing crude into diesel and aviation fuels in January after years of delays and cost overruns. Long touted as Nigeria’s ticket to ending refined fuels imports by supplying its own markets — with plenty to spare for exports — the Dangote facility could substantially impact trade flows and global supply if it lives up to years of homegrown ballyhoo. In today’s RBN blog, we will examine Dangote’s long road to production, and why we see a slow ramp-up to full capacity through 2026.
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