Daily Archives: May 31, 2018

Sale of Nigerian Crude Oil Threatened by Discount Pricing, US Shale Oil Boost

The influx of United States’ shale oil into refineries in northwest Europe and the Mediterranean, coupled with the adoption of discount pricing by some oil-producing countries to trade with buyers in east and western Europe have hurt demand for Nigeria’s sweet crude in the international market. This is coming as Iran’s oil minister, Bijan Zanganeh […]