Browsing Tag

Crude Oil

Nigeria to Import Crude Oil from Niger

As militants step up activities to sabotage oil facilities in the Niger Delta and Nigerian oil production dwindles, the Federal government has revealed plans to import crude oil from neighbouring Niger Republic. Group Managing Director,…

Avengers push oil above $50

Crude prices edged up on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country’s oil infrastructure. On Sunday a Nigerian rebel group claimed five attacks on the…

Crude Oil Output Hits 1996 Lows

The Bloomberg reports some worrying stats relating to Nigeria's crude oil output which they reported have hit its lowest since 1996. This is due mostly to the activities of the Niger Delta Avengers (NDA) , who have taken to attacking oil…