Nigeria Sidelined in US Oil Market
WASHINGTON, Oct. 19 (UPI) — European and Asian economies may take on more Nigerian crude oil because of the impact of unconventional energy in the United States, an analyst said.
Information published by the U.S. Energy Information Agency shows 361,000 barrels of Nigerian crude oil was shipped to the U.S. market in July, down from the 810,000 barrels from the previous year.
Patrick Kulsen, an oil-market analyst at PJK International, a research company in The Netherlands, told The Wall Street Journal that other markets were filling in the gap.
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