Lost output in Nigeria… WSJ – Commodity Research Group

June 6, 2016 by Jim Colburn Leave a Comment

The Wall Street Journal writes about supply disruptions in Nigeria caused by the Niger Delta Avengers:

““It is different this time,” said Dolapo Oni, oil and gas analyst for Togo-based Ecobank Transnational Inc. “These guys are not stealing crude. They just bomb the pipelines and they run away. They just want to destroy.”

With near-weekly attacks that began in February, the militants have taken about one million barrels of oil a day out of production, according to Nigerian oil officials. The attacks have intensified in recent weeks.”

http://www.wsj.com/articles/niger-delta-avengers-sabotage-oil-output-1465165361

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