• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 6 hours Waste-to-Energy Chugging Along
  • 3 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 3 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 3 hours Venezuela continues to sink in misery
  • 5 hours Let's Just Block the Sun, Shall We?
  • 12 hours Zohr Giant Gas Field Increases Production Six-Fold
  • 14 hours Regular Gas dropped to $2.21 per gallon today
  • 38 mins What will the future hold for nations dependent on high oil prices.
  • 12 hours No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 1 day Air-to-Fuels Energy and Cost Calculation
  • 8 hours UK Power and loss of power stations
  • 22 hours $867 billion farm bill passed
  • 8 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 13 hours Global Economy-Bad Days Are coming
Alt Text

Chinese-Venezuelan Joint Venture Doubles Oil Production

A joint venture between troubled…

Alt Text

The U.S. Pipeline Industry Is Booming

U.S. oil and gas production…

Alt Text

OPEC Came Up Short – Here’s What They Should Do

Rystad Energy, an energy consultancy…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Nigerian Oil Output Falls 800,000 Barrels As Militants Step Up Attacks

Attacks on energy infrastructure continue to bombard the oil majors operating in the Niger Delta. The latest victim was Italian oil giant Eni, who told UPI in an email that some of its equity oil production was knocked offline because of an attack on an oil pipeline.

The Niger Delta Avengers have fiercely stepped up assaults on the likes of Chevron, Shell and Eni in recent weeks. Oil prices have increased over the same time period as the disruptions – combined with the major outages in Canada – have erased the global glut for crude oil. Related: Wildfire Nears Canada’s Major Oil Sands Plants

Nigeria’s oil production has plunged by an eye-watering 40 percent, falling to just 1.4 million barrels per day, the lowest level in decades. "Because of the incessant attacks and disruption of production in the Niger Delta, as I talk to you now, we are now producing about 1.4 million barrels per day," Nigeria’s oil minister Emmanuel Ibe Kachikwu said, according to Reuters. "We were at 2.2 million bpd but we have lost 800,000 barrels.”

The Nigerian government is hoping to engage with people in the area and stop the attacks, but there is little sign of progress for now.

During midday trading on Wednesday, both WTI and Brent are up around 1 percent to $48.80 and $49.67, respectively.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News