 |
Louisiana Light • 3 days | 73.63 | -1.24 | -1.66% | ||
|
Bonny Light • 2 days | 75.43 | -0.25 | -0.33% | ||
|
Opec Basket • 3 days | 76.55 | +1.08 | +1.43% | ||
|
Mars US • 21 hours | 70.42 | -1.17 | -1.63% | ||
|
Gasoline • 22 hours | 2.593 | -0.020 | -0.75% |
|
Bonny Light • 2 days | 75.43 | -0.25 | -0.33% | ||
|
Girassol • 2 days | 78.21 | +0.01 | +0.01% | ||
|
Opec Basket • 3 days | 76.55 | +1.08 | +1.43% |
|
Peace Sour • 2 days | 65.54 | -1.24 | -1.86% | ||
|
Light Sour Blend • 2 days | 66.84 | -1.24 | -1.82% | ||
|
Syncrude Sweet Premium • 2 days | 75.79 | -1.24 | -1.61% | ||
|
Central Alberta • 2 days | 65.14 | -1.24 | -1.87% |
|
Eagle Ford • 3 days | 67.77 | -1.24 | -1.80% | ||
|
Oklahoma Sweet • 3 days | 67.75 | -1.25 | -1.81% | ||
|
Kansas Common • 5 days | 62.00 | +0.00 | +0.00% | ||
|
Buena Vista • 9 days | 76.40 | +1.64 | +2.19% |
Spain On Track To Generate 50% Of Its Power From Renewables In 2023
Motivated by the goal to…
Oil Prices Headed For Weekly Loss Despite Saudi Arabia’s Production Cut
Oil prices are on course…
Maintenance Workers in Disguise Attack Pipeline in Nigeria’s Ogun State
Men disguised as maintenance workers for Nigeria’s state-run energy company attacked a pipeline in Ogun state Tuesday night, according to local media reports.
The attack in the southwestern region of the country represents the latest in a string of assaults against the developing country’s oil and gas-related revenues. The explosions have caused Nigerian crude production rates to drop to 30-year lows, according to Reuters.
Previous campaigns have been linked to separatists known as the Niger Delta Avengers, though the Ogun state sits outside of the Delta region for which the NDA demands independence.
No group has so far claimed responsibility for the attack, though local police forces cited “insinuations that militants could be responsible.”
An attack by the Niger Delta Avengers earlier this week set back Nigerian oil production by 10,000 barrels per day, according to a previous Oilprice.com report.
That incident took place late Sunday evening and targeted a pipeline run by Nigerian Agip Oil Company (NAOC) and damaged truck lines that link terminals for Brass and Bonny crude oil warehouses.
Nigerian oil officials had said earlier that pipeline repairs in the Niger River Delta could help the country recover its lost production rate in the coming months, according to Reuters.
Related: The Future Of U.S. Coal Power Hangs In The Balance
One week prior to the government’s optimistic announcement, production had spiked from 1.6 million barrels per day to 1.9 million bpd as several days had passed without attacks from the Niger Delta Avengers or related separatist groups, said Garba Deen Muhammad, a spokesman for the Nigerian National Petroleum Corporation (NNPC).
"Production has increased because we are making repairs to damaged pipelines and installations. And we have not had any major attacks in recent times," he said.
The militants demand that a greater share of Nigeria's oil wealth go to the impoverished Delta region – the source of a large portion of the west African country’s energy resources. These goals have led the groups to carry out a series of pipeline attacks in the last few months.
ADVERTISEMENT
The groups - which promise to attack only oil-related properties, not civilians – have caused Nigeria to lose its position as the continent’s largest energy supplier to Angola.
By Zainab Calcuttawala for Oilprice.com
More Top Reads From Oilprice.com:
- The Glut Is Far From Over As Offshore Oil Storage Continues To Swell
- In World Of $50 Oil, Shale Beats Deepwater
- Does This Estimate Suggest We Are Heading For $30 Oil?
Zainab Calcuttawala
Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
- Ivan
- https://www.youtube.com/channel/UC5B9YQzNcPUFUkCyf6Wro7Q