US shale output torments Nigeria as Bonny Light falls to decade-low

22 June 2015, Abuja – The shale boom that’s reduced US’ dependence on overseas crude is reverberating in Nigeria as Africa’s biggest oil producer cuts the pricing for its flagship grade to the lowest in a decade. Nigeria, a member of the Organisation of Petroleum Exporting Countries (OPEC), will sell July supplies of its Bonny […] More »