Showing posts with label Organization of the Petroleum Exporting Countries; Production Cuts; Nigeria's Dilemma. Show all posts
Showing posts with label Organization of the Petroleum Exporting Countries; Production Cuts; Nigeria's Dilemma. Show all posts

Friday, December 16, 2016

Nigeria, Set To Benefit Most From OPEC Cut, Struggles To Cash In

Nigeria's oil is finding itself cut off from buyers; some 30 million barrels of it has yet to sell, with more loadings due within a week and output steadily rising
Nigeria, one of two OPEC countries completely shielded from any cuts to its oil production, was in line for a windfall from the group's agreement late last month to shore up the price of crude.