L
LequteMan
Guest
Nigeria of recent, is seeing more patronage of its crude oil from the United States, preliminary figures from the Energy Information Administration (EIA) has shown.
U.S. imports of Nigerian crude last week jumped to 559,000 barrels per day (bpd), a weekly record going back to mid-2013 as refining firms turned to imports of West African crude that had previously been displaced by domestic grades during the U.S. shale boom.
Nigeria was the fourth largest supplier of foreign crude to the U.S. last week, displacing Mexico and also competing with Iraq and Colombia.
From 2004 to 2007, Nigeria exported over 1 million bpd to the United States, but a surge of U.S. domestic production that is of similar quality - including shale oil - later forced African light sweet crude producers, especially Nigeria, to find new destinations for their exports.
In consequence, the United States only imported some 58,000 bpd from Nigeria in 2014 and 2015, the EIA data say.
Reuters
U.S. imports of Nigerian crude last week jumped to 559,000 barrels per day (bpd), a weekly record going back to mid-2013 as refining firms turned to imports of West African crude that had previously been displaced by domestic grades during the U.S. shale boom.
Nigeria was the fourth largest supplier of foreign crude to the U.S. last week, displacing Mexico and also competing with Iraq and Colombia.
From 2004 to 2007, Nigeria exported over 1 million bpd to the United States, but a surge of U.S. domestic production that is of similar quality - including shale oil - later forced African light sweet crude producers, especially Nigeria, to find new destinations for their exports.
In consequence, the United States only imported some 58,000 bpd from Nigeria in 2014 and 2015, the EIA data say.
Reuters
