Showing posts with label Nigeria's Crude. Show all posts
Showing posts with label Nigeria's Crude. Show all posts

Thursday, 28 January 2016

More troubles for Buhari as US organises global boycott of Nigeria's crude

More troubles for Buhari as US organises global boycott of Nigeria's crude
Following Nigeria’s refusal to devalue its currency (the naira), in-line with IMF recommendations, crude oil traders worldwide have begun to shun Nigerian crude oil over the last several months. Nigeria remains one of the primary sources of “sweet crude” oil grades that is relatively pure crude oil with low levels of sulfuric content.