Today's focus is on the Bonny Light Crude Oil producing nation of Nigeria.
- This Day, a leading media empire in Nigeria has released the Oil Outlook report. It is colorful with advertisments but it is worth a read especially the parts that talk about the future of Nigeria with(/out) oil. It is good to see Nigeria thinking ahead and now cutting spending within the government. The 3-tier government structure comes at a cost of 13 trillion Naira ($884 billion) per year.
- Rebel attacjs on the Trans-Niger pipe cut off 200,000 barrels of production per day until now that Shell has started repairing the mess. The global oil demand is about 84.2 million barrels per day. Due to an increasing weak demand in the global consumer market, oil did not rise that much but stayed put in the lower $50s.
- Interesting to follow the committee that has been formed to investigate the $180 million bribery scam involving Dick Cheney leaning Halliburton.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment