U.S. PURCHASE OF NIGERIA’S CRUDE RISES TO 12.1MB IN FEBRUARY

The U.S., which had earlier abandoned crude oil import from Nigeria due to its shale evolution, started buying the commodity in May last year with 948,577 barrels and gradually increased to 3.9 million barrels in November 2015.

According to the latest data from the Nigerian National Petroleum Corporation (NNPC)’s Crude Oil Export Destination, Canada, which is a major crude oil producer and supplier to the U.S., has also resumed importation from Nigeria with 1.9 million barrels in February.

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