U.S. Sends Crude to OPEC’s Backyard ...Middle East

OILPRICE - Economy
U.S. Sends Crude to OPEC’s Backyard
source : OILPRICE ( Middle East ) () 85
Lower demand for crude oil from refiners at home gave a boost to U.S. exports of the commodity, turning it into a net exporter to OPEC member Nigeria in two of the seven months since the start of this year. The news comes from the U.S. Energy Information Administration, which said this week that the United States exported more crude oil to Nigeria in February and March than it imported from it. The specific focus on Nigeria is because of the new Dangote refinery that went into operation recently. A much-needed processing facility in the West African…

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