Falling Oil Prices, Lower Exports, Rise of U.S. Condensate Shipments Pose Triple Whammy for Nigeria
JOHANNESBURG--January 9, 2015--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Nigeria's oil export woes continue to mount as the price of Brent crude hovers under $50 a barrel. Statistics for the second half of 2014 show that markets were contracting even before the oil price fell off the cliff. As income from oil exports is the mainstay of the country's revenue, worse news continues to follow the bad news.
Within this article: Details on Nigerian oil exports.
