Showing posts with label Mike Olorunfemi. Show all posts
Showing posts with label Mike Olorunfemi. Show all posts

Monday, 8 September 2014

Nigeria sees lower US oil imports than Angola for the first time

While deliveries of crude oil from Angola to the United States (US) have averaged around 116,000 barrels per day (bpd) since the start of 2014, imports from Nigeria have seen a steeper fall with just 75,000 bpd, according to data from the Energy Information Administration (EIA), the statistical arm of US Energy Department.
US annual imports of Angolan crudes are on track to surpass imports of Nigerian crudes for the first time since the EIA started tracking such data in 1973, Platts analysis of EIA data showed.
The most recent yearly data shows Angolan exports to the US down 59 percent from a peak of 534,378 bpd in 2006, while Nigerian exports fell 75 percent over the same period.
“Right now, the US is no more importing from us because