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Glut Persists As Buyers Shun 20 Cargoes Of Nigeria’s Crude Oil

Posted By:  on  August 5, 2019




Buyers have shunned 20 cargoe-loads of Nigeria’s crude oil, New Telegraph has learnt.

According to crude loading schedule for September sighted by our correspondent at the weekend, this is as gluts rocking the global oil market takes toll on Africa’s biggest oil exporter.
Nigeria depends largely on proceeds from crude to service over 85 per cent of her budget.

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