Skip to content
Back to Guavy Wire
Commodities

Nigeria's Domestic Crude Supply Obligation Hits 97.4% Compliance Rate in Q2 2026

Instruments
Oil
Share

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released statistics on the enforcement of the Domestic Crude Supply Obligation (DCSO) in Q2 2026. The NUPRC met with stakeholders, including crude oil producers and local licensed refineries, to allocate a specific volume of crude oil and condensate for local refiners. In April, 18,127,638 barrels were allocated to producers, but they exceeded expectations by offering 19,312,476 barrels to refiners. This resulted in 20,879,381 barrels being supplied to local refiners, with a compliance rate of 114.9%.

In May, the NUPRC allocated 18,778,392 barrels to producers, who offered 23,187,893 barrels to refiners, but only supplied 14,228,865 barrels, representing a 75.8% compliance rate. In June, the Commission allocated 18,172,638 barrels to producers, who offered 26,835,119 barrels to refiners, and in turn, took 18,606,026 barrels, achieving a performance of 102.4%. The Dangote Refinery required 63 million barrels in Q2 but received higher volumes from producers, representing 98% of all offered volumes.

The NUPRC reaffirms its commitment to achieving the government's objective of energy sufficiency by sustaining recent gains in crude oil production and continuously enforcing the DCSO. The Commission aims to leverage the framework of the PIA to achieve this goal.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc