Showing posts with label world’s biggest oil producer. Show all posts
Showing posts with label world’s biggest oil producer. Show all posts

Tuesday, 8 July 2014

US oil production gains contrast Nigeria government-induced stagnation

The United States of America’s spectacular oil production gains that have seen the country emerge as the world’s biggest oil producer is in sharp contrast to Nigeria’s government induced stagnation in its oil exploration and production sector.
The USA will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia, as extraction of energy from shale rock formations surge, Bank of America Corp. said over the weekend.
The International Energy Agency (IEA) said