Thursday, 4 June 2015

NIGERIA'S CHEAP CRUDE OIL ATTRACTS CANADA'S REFINERY

With Nigeria struggling to sell its crude oil, the discount being offered by the country has prompted Canada’s Come By Chance refinery to buy Nigerian oil for the first time in at least a decade.
 
This is the latest addition to the facility’s diverse crude slate, according to Reuters customs data. The purchases come as West African crude producers are courting new suitors in the face of weak demand from a United States market awash with cheaper, domestic crude.
 

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