(Bloomberg) -- Crude oil rose to a nine-month high
after a coalition of labor unions in Nigeria, Africa's biggest
oil producer, threatened to strike this week.
Oil production is also likely to be affected during the
strike as Nigeria's two main oil unions plan to participate, said
Lumumba Okugbawa, deputy general secretary of the Petroleum &
Natural Gas Senior Staff Association of Nigeria, or Pengassan.
Nigeria produces low-sulfur, or sweet, crude oil, prized by U.S.
refiners because of the high proportion of gasoline it yields.
Read more at Bloomberg Commodities News
after a coalition of labor unions in Nigeria, Africa's biggest
oil producer, threatened to strike this week.
Oil production is also likely to be affected during the
strike as Nigeria's two main oil unions plan to participate, said
Lumumba Okugbawa, deputy general secretary of the Petroleum &
Natural Gas Senior Staff Association of Nigeria, or Pengassan.
Nigeria produces low-sulfur, or sweet, crude oil, prized by U.S.
refiners because of the high proportion of gasoline it yields.
Read more at Bloomberg Commodities News
No comments:
Post a Comment