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America Shuns Nigerian Oil

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AFRICANGLOBE - The search for alternative energy by the Obama administration has begun to take a toll on Nigeria's crude oil export as the U.S. for the first time failed to import a single barrel of oil from Nigeria.

Nigeria Loses U.S.$2.7 Billion to Oil Production Decline

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AFRICANGLOBE - Nigeria is estimated to have lost about $2.7 billion or N426 billion from decline in crude oil production in the last quarter of 2012 - October to December, even as it earned $16.075 billion or N2.54 trillion from crude oil export in the same period.

World Powers Renew Scramble for Nigerian Crude

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Though the international sanctions placed on Iranian crude oil export do not take effect until July 1, 2012, the International Energy Agency (IEA) has...
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