
Jide Pratt (JP)
45.9K posts

Jide Pratt (JP)
@CaxtonJP
Do the right thing .Downstream Oil & Gas|Energy|AIONA Lights|TradeGrid |Cotevis .Carpe diem#letslightyouup
Lagos, Nigeria Katılım Ocak 2017
1.1K Takip Edilen1.6K Takipçiler
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Jide Pratt (JP) retweetledi
Jide Pratt (JP) retweetledi

🚨 The world's largest oil trader just had its best year in history.
While governments promised net zero and OPEC played politics one company was moving more energy than ever before.
Vitol
And read these numbers carefully:
💰 $343 billion in revenue
🛢️ 8 million barrels/day up from 7.2M in 2024
📈 LNG volumes +28% in a single year (18M → 23M metric tons)
⚫ 25.8M metric tons of coal moved in its first full year owning Noble Group
⚡ 4GW of renewable generation yes, at the same time
Here's what the numbers are actually telling you:
→ Oil is not declining. It's accelerating. This isn't a plateau or a managed retreat. It's growth.
→ LNG is the real winner of geopolitical chaos. Europe and Asia scrambling for alternatives as the Middle East burns and Russian pipelines go dark = Vitol's best trade of the decade.
→ Coal didn't disappear. The world still needs it. Someone is still moving it. Vitol just made sure that someone was them.
→ The energy transition is real just not the way you've been sold it. Biofuels, BioLNG, plastics recycling alongside record fossil fuel volumes.
Because that's what the actual demand curve requires, not what the press release says.
When geopolitics strikes, energy doesn't leave the market.
It gets rerouted, repriced, and arbitraged by the people who spent decades building the infrastructure, relationships, and balance sheet to do exactly that.
Vitol is one of those people 🎯
💡 Want more analysis like this? Subscribe to my newsletter , link in bio

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Jide Pratt (JP) retweetledi

🌍 Africa holds the resources that will power the next 100 years
Yet the wealth keeps leaving before Africans ever see it.
🛢️ Oil Nigeria, Angola, Algeria, Libya, Congo
🥇 Gold Mali, Ghana, Niger, Tanzania, Zimbabwe
🔴 Copper DR Congo & Zambia (the EV revolution runs through here)
☕ Cocoa, Coffee, Vanilla consumed by billions, priced by others
The uncomfortable truth:
📌 DR Congo has 60%+ of global cobalt. It's one of the poorest nations on earth.
📌 The most coup-hit countries? All sitting on gold & oil.
📌 China, Russia, France & the US aren't in Africa for ideology they're there for what's underground.
Africa doesn't have a resource problem.
It has a who controls the resources problem🎯
💡 Subscribe to my newsletter for weekly breakdowns on commodities & geopolitics, link in my bio

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Jide Pratt (JP) retweetledi

Oil is down this morning based on the ceasefire talks. Congrats to whoever wanted prices slightly lower based on sentiment. #OOTT

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Jide Pratt (JP) retweetledi

🚨 1 TRILLION barrels of oil sit in just 5 countries
War is now deciding which ones actually reach the market.
🛢️ Proven Reserves (billion barrels):
🇻🇪 Venezuela 303
🇸🇦 Saudi Arabia 267
🇮🇷 Iran 209
🇨🇦 Canada 163
🇮🇶 Iraq 145
Here's what those numbers don't show 👇
🇻🇪 Venezuela back on the market with US backing. Sanctioned barrels are flowing again.
🇮🇷 Iran no longer just "restricted." Infrastructure hit. Hormuz under threat.
🔥 Saudi, UAE, Qatar the stable core of global supply is now inside the war zone.
🇨🇦 Canada oil sands can't react fast. Massive reserves. Slow response.
The brutal truth:
📌 Reserves didn't change.
📌 Control, access, and risk did.
Barrels in the ground mean nothing if they can't move. 🎯
💡 Subscribe to my newsletter for weekly energy & geopolitics breakdowns, link in my bio
#oott #Geopolitics #Energy #Commodities

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I've said it over and over again for the past 2+ years that I do not know what @hadizabalausman's job is, if she has not given us a profile on ministerial performance since 2023!
This man @BayoAdelabu has no business being in the cabinet.
He's an abysmal failure!
Pulse Nigeria@PulseNigeria247
“6,000MW will be achieved before the end of 2026.” - Nigeria’s Minister of Power, Adebayo Adelabu
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Jide Pratt (JP) retweetledi

Sustainable fuel supply requires stronger infrastructure and coordinated regional action.
🗞️Page 9 of Today's Business & Financial Times
#CBOD #EnergySecurity #BFTFeature @bftghana @AcepPower @CopecGh @NPAGhana @comacghana @energy_chamber


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Jide Pratt (JP) retweetledi
Jide Pratt (JP) retweetledi
Jide Pratt (JP) retweetledi

🚢 Strait of Hormuz Vessel Traffic (Daily Transits)
🟢 Feb 26 → 132 vessels
🟢 Feb 27 → 128 vessels
🟡 Feb 28 → 98 vessels
🟠 Mar 01 → 18 vessels
🟠 Mar 02 → 7 vessels
🔴 Mar 03 → 2 vessels
🔴 Mar 04 → 2 vessels
🔴 Mar 05 → 1 vessel
🔴 Mar 06 → 0 vessels
🔴 Mar 07 → 1 vessel
🔴 Mar 08 → 2 vessels
🔴 Mar 09 → 1 vessel
🔴 Mar 10 → 2 vessels
🔴 Mar 11 → 1 vessel
🔴 Mar 12 → 0 vessels
🔴 Mar 13 → 3 vessels
🔴 Mar 14 → 1 vessel
🔴 Mar 15 → 0 vessels
🔴 Mar 16 → 1 vessel
🔴 Mar 17 → 2 vessels
🔴 Mar 18 → 1 vessel
🔴 Mar 19 → 0 vessels
🔴 Mar 20 → 1 vessel
🔴 Mar 21 → 2 vessels
🔴 Mar 22 → 3 vessels
🔴 Mar 23 → 5 vessels
🔴 Mar 24 → 6 vessels
Source: Windward Maritime Intelligence, Lloyd’s List, PIB India, regional briefings
Nederlands
Jide Pratt (JP) retweetledi
Jide Pratt (JP) retweetledi

Africa's oil refining capacity quietly but steadily declined over the last decade.
Then, in a single year, one refinery changed the whole picture.
The Dangote Refinery — Nigeria's 650k barrels per day (bpd) mega-refinery and the largest on the continent — commenced operations in 2024.
The result: Nigeria's refining capacity roughly doubled to over 1M bpd. And Africa's total capacity jumped 20% to 3.5M bpd.
The Dangote effect.
But zoom out, and the story is more complicated:
• Nigeria 🇳🇬 — from cautionary tale to potential refining hub. The country long notorious for being a major oil producer that imports virtually all its refined fuel is now rewriting that narrative.
• South Africa 🇿🇦 — a structural collapse, not a cyclical dip. Capacity was cut in half following the closure of SAPREF and Engen. It won't recover without significant new investment.
• Morocco 🇲🇦 — exited entirely. Its sole refinery, SAMIR, closed after accumulating $4B+ in debt. A decade later, the liquidation process is still tied up in courts.
• Egypt & Algeria 🇪🇬 🇩🇿 — broadly flat across the decade but round out Africa's top three refiners, with Nigeria now leading the continent.
The uncomfortable truth: strip out Dangote, and Africa's 2024 refining capacity was lower than it was in 2014.
One refinery doing the work of an entire continent's decade of underinvestment.
And just this week, that refinery began exporting fuel to Ivory Coast, Cameroon, Ghana, Togo, and Tanzania amidst disruptions from the US-Iran war.
Things are looking up for Africa — in more ways than one.
Angola plans to add some 300k bpd of refining capacity via greenfield projects, Lobito and Soyo. And the country’s Cabinda refinery is expected to begin commercial production this year, adding ~30k bpd in the first phase.
Elsewhere, Zambia's 60k bpd Ndola refinery is also expected to begin commercial production this year.
And Dangote plans to expand his refinery to 1.4M bpd by 2028.
Today, Africa accounts for just 3.3% of global refining capacity despite sitting atop some of the world's largest oil reserves.
But the next decade won't look like the last — especially if the Dangote effect becomes infectious.
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Afridigest Intelligence — real intelligence to win in Africa's growth markets: afridigest.com/intelligence

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@IdongesitUduehe @SavvyRinu Done ke ? It’s till the grave for these ones o
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By the time these people are done with Nigerians and Nigeria…
Rinu Oduala 🔥🔫@SavvyRinu
VIDEO: 31 Nigerian governors gather, not to solve electricity problems, lack of jobs, good roads, good healthcare, poverty, but to strategize on winning 2027 elections.
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Lmao. Does Kola care to tell us how they moved from mega plaza to setting up Sahara?
Nairametrics@Nairametrics
Policy won't build Nigeria. Infrastructure won't save us. Mindset will. Kola Adesina, Executive Director, Sahara Group says Africa's $1.5 trillion opportunity belongs to those who stop waiting for the government and start owning the problem.
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