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Commodities Briefing - Categorized | Market Moves, Oil more

More to oil markets than Libya and Syria

Posted on 09 September 2013

Sabotage and theft from oil producing regions in Nigeria has left a black mark on the nation’s economy. Oil production is down more than 7 percent this year, bringing the economy along with it. Last week, Royal Dutch Shell announced it entered into talks with Nigerian villagers who said their lives were changed for the worse because of the company’s pipeline spills.
While that may offer some relief for the Niger Delta, the death of at least 20 people at the hands of Islamic militants suggests it’s still no place to do business………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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