Militants Threaten More Attacks on Oil Facilities
From Times Wire Reports
Militants threatened more attacks on Nigeria’s oil facilities and pledged to cut daily oil exports by another 1 million barrels.
Oil is more than $60 a barrel, and the markets are nervous about potential disruptions in supply from Nigeria, which is Africa’s largest producer.
In attacks on Nigerian pipelines and oil facilities, the Movement for the Emancipation of the Niger Delta has reduced the country’s production by 455,000 barrels a day.
Nigeria normally exports 2.5 million barrels daily.
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