US import of Nigerian oil drops by 63%

US, import, oil drops

The United States’ import of Nigeria crude oil plunged by 63.03 per cent in the first quarter of this year, compared to the last quarter of 2019. Latest data from the US Energy Information Administration showed that the country imported 5.53 million barrels of crude from Nigeria in Q1 2020, down from 15.07 million barrels in Q4 2019. The US bought 1.92 million barrels in January; 1.93 million barrels in February and 1.68 million barrels in March, according to the EIA. The US has significantly reduced imports of Nigerian crude…

Read more