US jet gas imports are hovering this March, hitting their highest degree in two years. This growth, which analysts counsel might drive down the worth of aviation gas within the US, is partially attributable to Nigeria’s Dangote refinery. In March alone, six vessels delivered 1.7 million barrels of jet gas from the Lagos-based refinery to US ports, with extra on the way in which. Consequently, US jet gas imports for March have risen up to now to a median of 226,000 barrels per day. Nonetheless, the scenario is transient: US demand for Dangote’s jet gas arose from the momentary shutdown of New Jersey-based Phillips 66 Bayway refinery, and it’s anticipated to drop as soon as the refinery is operational once more. Nonetheless, the import spike alerts Dangote’s rising affect in international power markets.
Supply: Business Insider Africa
