1. Nigeria union threatens oil output shutdown

    iol.co.za (Jan 13 2012)

    1. Nigeria union threatens oil output shutdown A major union threatened to stop the beating heart of Nigeria's economy - crude oil production - as part of a nationwide strike and protests gripping Africa's most populous nation. World oil prices climbed Thursday on the news. Nigeria is the fifth-largest oil exporter to the US, and a shutdown would force American refineries to replace 630,000 barrels per day of crude. (Read Full Article)

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