Thursday 16 June 2016

US IMPORTS OF NIGERIAN OIL RISE BY 558%

Imports of Nigerian crude oil by the United States grew significantly in the first three months of the year, after plunging to record lows in recent years on the back of the US shale oil boom.
 
US imports of Nigerian oil rise by 558%The US imports of Nigerian crude, which has come under pressure since the start of the decline in global oil prices, rose by 577.8 per cent to 26.3 million barrels in the first quarter of 2016, compared to 3.88 million barrels in the same period last year, latest data from the Nigerian National Petroleum Corporation showed.
 

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