Oil Supply Concerns Trump Sagging Demand
Supply concerns dogging major producers have kept both Brent crude and WTI above $100 per barrel to begin the year.
Articles Tagged "Nigeria"
Nigeria’s Oil Revenue Rose 46% to $59 Billion in 2010 on Improved Security
Bloomberg reported that better security in the Niger River delta has pushed up oil revenue for Nigeria.
Oil Exploration in West Africa
The West African offshore oil and gas industry has a history of exploration of more than 50 years, with international majors and smaller firms having held, and relinquished, licences all along the coast since the British discovered oil in the Niger Delta in the late 1950s.
W. Africa Crude Nigerian Production Problems Persisted
A fresh force majeure and an overhang of August cargoes kept Nigerian crude oil differentials under pressure on Friday. For full story, click here
Nigerian Crude Exports Saw 1.46M b/d in Aug
Nigerian crude exports for August have expected to total at least 1.46 million barrels a day from the 10 provisional loading programs seen so far by traders Thursday. For full story, click here
Nigeria, Iran Crisis have little impact on crude futures
Activities of the Niger Delta militant groups also known as the Movement for the Emancipation of the Niger Delta people, has affected major oil facilities belonging to Agip, Shell and Chevron, and have also resulted in adverse consequences on oil production in Nigeria. For full story, click here
Eni Spa has closed down Nigerian Crude Oil Pipeline
Eni Spa, Italy’s leading oil company, closed an oil pipeline supplying the Brass export terminal in Nigeria after it came under armed attack last night. For full story, click here
Nigerian rebels have destroyed oil pipeline
Nigeria’s main militant group declared that a major pipeline supplying crude oil to Italian oil group Agip’s Brass exports terminal. For full story, click here
Nigeria’s Crude Oil Output has set status dipped again for Angola
Nigeria declared to have again in the month of May lost the number one African oil producer status in the ranking of the Organisation of Petroleum Exporting Countries to Angola as its production level dipped to an estimated 1.740 million barrels per day. For full story, click here
India’s proposal for a crude oil price band has found supporters
India’s year-old advice of an oil price band to reduce volatility in the crude oil market has won the backing of Nigeria, Russia, France, Japan, South Korea and the US, but experts say the proposal may be difficult to implement in the absence of a broader agreement between oil producing and consuming nations. For full [...]
