{"id":498023,"date":"2026-03-01T19:38:07","date_gmt":"2026-03-01T19:38:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/498023\/"},"modified":"2026-03-01T19:38:07","modified_gmt":"2026-03-01T19:38:07","slug":"half-of-africas-oil-to-the-u-s-comes-from-one-country-as-the-u-s-cuts-african-oil-imports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/498023\/","title":{"rendered":"Half of Africa\u2019s oil to the U.S. comes from one country, as the U.S. cuts African oil imports"},"content":{"rendered":"<p>\n        The figure was disclosed by the US Census Bureau in its \u2018US International Trade in Goods and Services report\u2019.\n    <\/p>\n<p>\n        Total U.S. crude imports from Africa declined to 89.371 million barrels in 2025, down from 103.631 million barrels in 2024, highlighting a reduction of 14.26 million barrels, or 13.8 percent year-on-year.\n    <\/p>\n<p>\n        The drop points to a softer demand profile for African crude in the US market or a shift in sourcing patterns toward other regions.\n    <\/p>\n<p>\n        Nigeria, however, remained the single largest African supplier to the United States.\n    <\/p>\n<p>\n        In 2025, the country exported 46.618 million barrels of crude to the US, down from 50.793 million in 2024, as seen in the <a href=\"https:\/\/punchng.com\/nigeria-commands-52-of-africas-us-crude-exports-report\/\" id=\"4c55819f-3e29-47ec-a010-bcf9672711ec\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">Punch<\/a>.\n    <\/p>\n<p>\n        Although this marked a decrease of 4.175 million barrels, or 8.2 percent, Nigeria\u2019s relative importance within Africa\u2019s overall exports was underpinned.\n    <\/p>\n<p>\n        In 2024, <a href=\"https:\/\/africa.businessinsider.com\/local\/markets\/nigeria-expands-oil-arsenal-with-new-crude-grade-exports-set-to-hit-global-markets\/ttxy70c\" id=\"4c405a0a-df31-4f15-9eae-9794d6929dfe\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">Nigeria was responsible for<\/a> 49.0 percent of Africa&#8217;s total crude shipments to the United States. In the period under review, the West African country&#8217;s stake had risen to 52.2%.\n    <\/p>\n<p>\n        In effect, while total African volumes fell, Nigeria&#8217;s portion of those lower exports increased, at a time when oil theft has become a major problem in its oil sector.\n    <\/p>\n<p>\n        The decline was even more significant in value terms.\n    <\/p>\n<p>\n        Using the C.I.F. (Cost, Insurance, and Freight) measure, which shows the landed value of petroleum at US ports, including transportation and insurance, Africa&#8217;s overall crude export value declined from $8.945 billion in 2024 to $6.816 billion in 2025, representing a $2.129 billion, or 23.8 percent, drop.\n    <\/p>\n<p>\n        For Nigeria, the country\u2019s customs value fell from $4.365 billion in 2024 to $3.451 billion in 2025. Furthermore, Nigeria\u2019s C.I.F stood at 3,545 billion in 2025.\n    <\/p>\n<p>        Nigeria\u2019s trade with the U.S. in 2025<\/p>\n<p>                    <img width=\"700\" height=\"400\" alt=\"Half of Africa\u2019s oil to the U.S. comes from one country, as the U.S. cuts African oil imports\" title=\"Half of Africa\u2019s oil to the U.S. comes from one country, as the U.S. cuts African oil imports\" class=\"image lazyloaded imgWithMetaData\" src=\"data:image\/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'700'%20height%3D'400'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E\" data-original=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/fF6ktkpTURBXy83MmMwMjRiNTZmYWFkMzg5OTI3Mzg0ZGE5YjZlNDJiYS5wbmeRlQLNArzNAZDCww\" fetchpriority=\"low\" decoding=\"async\" loading=\"lazy\"\/> <\/p>\n<p>\n        Trade ties between the United States and Nigeria, per the <a href=\"https:\/\/www.census.gov\/foreign-trade\/Press-Release\/current_press_release\/ft900.pdf\" id=\"c4003609-d4b2-4b4f-a961-f02407a6aa4c\" data-link-role-code=\"open_new_tab\" target=\"_blank\" rel=\"nofollow noopener\">report<\/a>, tilted in favor of the United States in 2025, with the U.S. establishing a $1.79 billion trade surplus.\n    <\/p>\n<p>\n        During the year, American exports to Nigeria came in at $6.79 billion, while imports from Nigeria were $4.99 billion, resulting in a positive trade balance for the US.\n    <\/p>\n<p>\n        According to the numbers, the United States continued to be a stronger exporter of goods to Nigeria than a buyer of Nigerian products.\n    <\/p>\n<p>\n        American exports, which ranged from machinery and refined petroleum products to agricultural and manufacturing items, surpassed Nigerian shipments to the US market.\n    <\/p>\n<p>\n        On the other hand, US imports from Nigeria, which are usually dominated by crude oil and related energy items, were somewhat lower in value.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"The figure was disclosed by the US Census Bureau in its \u2018US International Trade in Goods and Services&hellip;\n","protected":false},"author":2,"featured_media":498024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-498023","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/498023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=498023"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/498023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/498024"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=498023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=498023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=498023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}