• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 9 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 9 hours 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
  • 17 hours The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 50 mins "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 4 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Is U.S. Inflation Actually Cooling Quicker Than Expected?

Is U.S. Inflation Actually Cooling Quicker Than Expected?

The Federal Reserve’s series of…

Heatwave Sends European Gas Prices Higher

Heatwave Sends European Gas Prices Higher

European benchmark gas prices rose…

Niger Delta Avengers Claim Not To Remember Any Ceasefire Agreement

Despite an earlier report in which the Nigerian government stated that it had reached a one-month cease-fire with the Niger Delta Avengers, the group now says it has not agreed to such a deal.

The announcement came on Tuesday, and was it was reported by the country’s media that the agreement was reached last week. Reportedly, Ibe Kachikwu, who is the Nigerian minister for State Petroleum Resources met with representatives from the militants in the Delta, which included members of the Avengers.

Mohammed Barkindo, who is the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), stated on Tuesday that he was hopeful that the government would be able to negotiate a permanent solution to the crisis in the delta.

Barkindo suggested that the government use a “carrot and stick” strategy to come to terms with the militants. Barkindo said that according to his sources, production is on the rise in the region, and that the situation in the area was returning to normal. Barkindo expressed his confidence that the negotiations would produce “stable and permanent solutions” to the conflict.

While the Nigerian government announced a ceasefire and Barkindo asserted his confidence in the potential for successful negotiations, the Niger Delta Avengers claimed that they had not agreed to a ceasefire, stating on Twitter that they do not remember a ceasefire agreement with the government.

The group has claimed responsibility for an attack on the 15th of June, and has been blamed for attacks that shuttered Chevron and Shell plants.

The Avengers have said that they will reduce Nigeria oil production to zero. So far, Nigeria has seen its production drop from 2.2 million barrels per day to 1.4 million. Nigerian president Muhammadu Buhari has accused the Avengers of vandalism and stated that the government would deal with them as it is coping with Boko Haram.

Earlier in the month, the government had said that it would scale back military action in the delta in an effort to encourage negotiations with the group. The Avengers had agreed to the talks on the condition that the government first meet its demands.

By Lincoln Brown 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