• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Does Toyota Know Something That We Don’t?
  • 5 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 5 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

U.S. Crude Oil, Gasoline Inventories Boom

General Strike In Nigeria Not Affecting Oil Production

A nationwide workers’ strike that Nigeria’s main unions started on Thursday has not had an impact on the oil industry in the country, a spokesman for the Nigerian National Petroleum Corporation (NNPC) told Reuters, while leaders of the two main oil workers’ unions said there haven’t been any companies affected.  

The main unions in Nigeria are staging a nationwide strike to demand an increased minimum wage after talks with the government broke down on Wednesday.

Cogent Ojobor, a leader in the Niger Delta region at the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), told Reuters: “No oil company is affected for now.”

“We are not shutting down production,” Lumumba Okugbawa, the general secretary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said.

On Wednesday, NNPC Group Managing Director Maikanti Baru appealed to “motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action.”  

The nationwide strike in all sectors of Nigeria’s economy comes a few weeks after ExxonMobil warned at the beginning of this month that a six-week-long blockade of ExxonMobil’s offices and oil facilities in Nigeria by former workers protesting their dismissals threatens the normal production and exports of Nigeria’s flagship Qua Iboe crude grade.

After some hiccups and pipeline outages during the spring and early summer, Nigeria’s crude oil production jumped by 74,000 bpd from its July level to average 1.725 million bpd in August, according to OPEC’s secondary sources.

In May, Nigeria’s production and exports were disrupted by outages of oil flows on pipelines feeding oil export terminals, and delays in cargo loadings. In June, there were disruptions to Bonny Light, Forcados, and Qua Iboe flows—all of which are key Nigerian crude grades.

ADVERTISEMENT

But production has recently stabilized and Nigeria’s oil exports for October are expected to hit a four-month high at 1.73 million bpd, as grades are coming back online following pipeline outages in the summer, according to loading schedules that Reuters has seen.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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