Data from the Energy Information Administration showed that the United States cut its imports of Nigerian crude oil by 43 per cent in 2018. Meanwhile, oil prices continue to inch higher by healthy demand and output cuts led by producer group OPEC.
What competitive advantages do licensees and tenants of the Oil and Gas Free Zones have over their counterparts? In this episode Oil and Gas Free Zones Authority provide insight into zone attractiveness and talk capital protection.
- A possible move by President Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for China and India. If the U.S. decides to deploy a slate of sanctions that it’s said to have drafted against the Latin American nation, American refiners would be forced to cease purchases.