• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 21 hours Energy Armageddon
  • 11 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 5 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 5 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 days The Federal Reserve and Money...Aspects which are not widely known
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 days Goldman Betting on Cryptocurrencies
  • 10 days Сryptocurrency predictions
  • 14 days Putin and Xi Bet on the Global South
Editorial Dept

Editorial Dept

More Info

Global Intelligence Report - 20th February 2019

Sources

- Inside source at a black market Niger Delta refinery

- Investigative journalist with access to militants in Nigeria

- Nigeria political analyst

Everything You Need To Know About Nigerian Oil Right Now

Nigeria is currently just recovering from oil-production disruptions suffered in 2016 because of attacks on the pipeline infrastructure by armed militants operating under the name of Nigeria Delta Avengers. The attacks had caused the output of Africa’s biggest producer, usually above 2 million barrels a day, to drop at a point to under 1 million barrels daily. With oil the source of two-thirds of government revenue and more than 90 percent of export income, there were telling consequences as Nigeria slid into its first recession in 25 years in 2016.

President Muhammadu Buhari, a former military ruler who won elections in 2015, had talked tough on assuming office, threatening to deal with the militants. He canceled pipeline-protection contracts awarded to former militant leaders such as Government Ekpemupolo, better known as Tompolo, and ordered their investigation and prosecution. It is widely believed by our sources on the ground, that this move by Buhari prompted the resumption of the attacks.

Faced with a collapsing economy, Buhari sought negotiations with the militants, using back channels established by Oil Minister Emmanuel Kachikwu while he was an ExxonMobil executive, to reach out to the fighters. Then elders of…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News