Tag Archives: nigeria

Saudi Output Increases Made Irrelevant by Nigerian Problems

Posted by JD Thomas on June 22, 2008 in Techfun Comments Off

Despite the promises from Saudi Arabia, that increase in production will have no real effect on the fundamental supply of oil available to market. This week has seen attacks on the oil production infrastructure in Nigeria that has cost the African nation its position as the top oil producer in Africa. It is now #2, after Angola.