• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 1 hour Joe Biden's Presidency
  • 40 mins So Is COVID a Media Hoax or Not?
  • 3 hours Navalny Poisoning Weakens Russo German Relations
  • 2 hours Biden suspends oil and gas drilling on Federal Lands for 60 days for review.
  • 9 hours GENERAL NORMAN SCHWARZKOPF: The Third Tour
  • 2 hours Parler’s New Partner Has Ties to the Russian Government
  • 5 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 3 hours a In 2020, we produced and delivered half a million cars.
  • 4 hours CIA Death Squads
  • 7 hours An exciting development in EV Aviation: Volocopter
  • 10 hours Rejoining Paris Climate Accord is Devestating
  • 7 hours Did I Miss Something?
  • 8 hours The Debate Starts : Remake Republican Party vs. Third Party
Canada Is Cleaning Up Its Oil Sands

Canada Is Cleaning Up Its Oil Sands

Canada’s oil sands have long…

Niger Delta Avengers Declare “Bloody” End To Oil Ceasefire

Just as Nigeria has started to pump more than 1.8 million bpd of crude oil for two consecutive months, the Niger Delta Avengers (NDA)—the militant group responsible for most of last year’s attacks on Nigeria’s oil infrastructure—returned to the scene with a gruesome message on its website, warning oil companies of a “brutish, brutal and bloody” end of the ceasefire in the oil-rich Delta.

“Message to the Oil Companies; Our next line of operation will not be like the 2016 campaign which we operated successfully without any casualties; this outing will be brutish, brutal and bloody, as we are shall crush everything we meet on our path to completely put off the fires that burn to flair gas in our communities and cut every pipe that moves crude away from our region. We can assure you that every oil installation in our region will feel warmth of the wrath of the Niger Delta Avengers,” the militant group said in a message on its website posted on Friday.

Last year, the NDA had carried out most of the attacks on oil infrastructure in the Niger Delta that had crippled Nigeria’s oil production to the point that it won an exemption from OPEC’s production cut pact.

Since the start of this year and a ceasefire announced by several militant groups, the restive region has been relatively calm. Nigeria’s oil production started to gradually increase—to the point of boosting OPEC’s overall oil production and capping oil prices—together with production gains in fellow exempt OPEC producer Libya, as well as with U.S. shale’s resurgence.

In August and September, Nigeria’s crude oil production exceeded 1.8 million bpd, according to OPEC’s secondary sources. This 1.8-million-bpd was the tentative threshold given by Nigerian Oil Minister Emmanuel Kachikwu for Nigeria potentially joining the cuts. But the minister has reiterated that the country needs to see stable production at that level for several months before committing to trimming production.

The latest threat by the Niger Delta Avengers highlights the uncertainty of Nigeria’s further production recovery and possibly, a new conflict-related premium for oil prices.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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