Nigeria: Bleak Future for Country's Oil As U.S. Boosts Production

There is growing concern that Nigeria is losing the United States as its biggest oil customer amid surging output and refinery closures in North America.

According to shipping records, the recent U.S. purchases of Nigerian crude fell to a 5-year low in February, leading the country to slide to sixth position from her former fifth position among suppliers to the U.S, the world's largest oil consumer.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.