Nigeria in Danger of U.S. Competition in Oil Sales

There are indications that Nigeria's oil sales may be going through difficult times following President Donald Trump's new strategy to increase U.S. dominance in the global oil market. The benchmark global price of crude oil has dropped due to escalating trade tensions between China and the U.S and this may negatively affect Nigeria's 2019 budget goals.

 

Photo: Vanguard

(file photo).

Video

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 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.