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Nigeria’s monthly oil export to US rose by 56% in Oct 2017 – EIA

Nigeria’s Monthly Oil Export To US Rose By 56% In Oct 2017 – EIA

The export of Nigerian Crude oil to the United States rose by 56 per cent to 13.67 million Barrels in October last year, the highest level since February 2013, The Punch reports.

The latest data obtained from the statistics arm of the US Energy Department, Energy Information Administration, showed that the country imported 8.76 million barrels of Nigerian crude in September, down from 12.29 million barrels in August.

The US imported a total of 28.53 million barrels of crude oil from Nigeria in the third quarter of last year, up from 18.88 million barrels in the same period in 2016; 10.13 million barrels in 2015; 5.10 million barrels in 2014; and 21.23 million barrels in 2013.

Nigeria saw a significant reduction in US imports of its crude in recent years, starting from 2012, following the shale oil production boom. The US, which has become a major exporter of crude oil, has ramped up its crude production in recent years.

The post Nigeria’s Monthly Oil Export to US rose by 56% in Oct 2017 – EIA appeared first on Energy News | Oil and Gas News.

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Nigeria’s monthly oil export to US rose by 56% in Oct 2017 – EIA


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