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‘Big Oil Worry’: Nigeria’s Chaos Adds to Increasing Fuel Prices

Posted on 17 May 2016

The ongoing crisis in Nigeria adds significantly to the current increase in global oil prices, according to Bloomberg. Bloomberg’s Julian Lee believes that the political standoff in Nigeria has added greatly to upward pressure on global oil prices.
In his article ‘Forget the Saudis, Nigeria’s the Big Oil Worry’, Lee said that apart from “Saudi Arabia’s oil market machinations,” policymakers should also be concerned about what is now “happening 3,000 miles away in the Niger River delta.” ……………………………………….Full Article: Source


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