(Weex) West Africa’s Premier Energy Exchange
Where West Africa’s
Energy Markets
Trade
The region’s first regulated exchange for crude oil, refined products, LNG, and natural gas. Connecting producers, refiners, and traders across West Africa.
Markets Open · GMT+1 08:00–18:00
ORCADOS $80.92
+0.8%
PMS-Lagos ₦855/L
+0.3%
QUA-IBOE $81.45
+1.1%
BONGA $79.88
+0.5%
AGO-Lagos ₦1,245/L
+2.1%
JET-Lagos ₦1,120/L
+1.8%
NLNG-Spot $11.42/MMBtu
+3.2%
FORCADOS $80.92
+0.8%
2M
Barrels/Day
Across all listed grades
10
Commodity Contracts
Crude, products, LNG, gas
10
Licensed Participants
Refiners, producers, traders
$
10
B
Annual Notional
West African energy markets
Trading Products
Five Core Markets. One Unified Platform.
From Nigerian crude grades to LNG spot cargoes — trade the full spectrum of West African energy commodities on a single regulated exchange.
Crude Oil
Nigerian grades: Bonny Light, Forcados, Qua Iboe, Bonga, Egina, Amenam. Plus Angolan and Ghanaian blends.
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Refined Products
Gasoline (PMS), Automotive Gas Oil (Diesel), Jet Fuel, Kerosene (DPK), Fuel Oil. Direct from regional refineries.
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LNG
Spot cargo auctions, short-term contracts. Nigeria LNG, Angola LNG, and Ghana LNG supply. Global buyer access.
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Natural Gas
Pipeline gas contracts, domestic supply agreements. Bridging production basins to power generation and industry.
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Petrochemicals
Polypropylene, urea fertilizer, and emerging petrochemical contracts. Supporting West Africa’s industrialization.
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Why WEEx
Built for the Region. Engineered for Global Standards.
WEEX combines deep local market knowledge with institutional-grade trading infrastructure — delivering transparency, efficiency, and trust to West African energy markets.
Regulated & Transparent
Licensed under the Petroleum Industry Act 2021. All trades are cleared through a regulated central counterparty. Real-time market data and audit trails.
Deep Regional Liquidity
Direct access to Nigerian, Angolan, and Ghanaian supplies. Connect with NNPC, Dangote Refinery, NLNG, and international majors — all on one platform.
Institutional Technology
Sub-millisecond matching engine. FIX API connectivity. 99.99% uptime SLA. Mobile and desktop trading interfaces.
Clearing & Settlement
Central counterparty clearing reduces counterparty risk. T+1 settlement standard. Multi-currency support: USD, NGN, EUR.
<1ms
Matching Engine Latency
99.99%
Platform Uptime
24/7
Risk Monitoring
Market Participants
The Region’s Energy Leaders Trade Here
From Africa’s largest refinery to international trading houses — WEEX members represent the full value chain.
Dangote Refinery
NNPC
NLNG
TotalEnergies
Shell
ExxonMobil
Chevron
ENI
BP
Equinor
Trafigura
Vitol
Refiners
Producers
Traders
LNG Operators
Marketers
Utilities
Featured Member
Dangote Refinery
Africa’s largest refinery at 650,000 bpd capacity, expanding to 1.4 million bpd. Processing Nigerian crude and international grades to supply gasoline, diesel, and jet fuel across Africa and globally. A founding participant on WEEX.
650K bpd
1.4M bpd Target
WEEX Founding Member
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Market Insights
News, Research & Circulars
Market Update
January 2025
WEEX Launches Forcados Crude Futures Contract
The new physically delivered contract provides a transparent benchmark for Nigerian medium-sweet crude, complementing existing Bonny Light and Qua Iboe listings.
Read More
Research
December 2024
West African LNG Spot Market: 2025 Outlook
Our annual analysis examines supply growth from Nigeria and Angola, demand patterns from European buyers, and pricing dynamics for the year ahead.
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Circular
November 2024
Updated Margin Requirements for Refined Product Contracts
Effective January 2025, revised initial and maintenance margin levels for AGO, PMS, and Jet Fuel contracts. Member notification.
Read More
Ready to Access West Africa’s Energy Markets?
Join 47 member companies already trading on WEEX. From application to first trade, our team guides you every step of the way.
PIA 2021 Licensed
Regulated by NUPRC
Global Market Access
GMT+1 Trading Hours