Oilfield Closures, Job Losses Loom In Nigeria — Experts   The steep drop in crude oil prices have put most Nigerian oil companies at risk, with industry experts saying oilfield shutdowns and job losses are imminent. The global oil benchmark, Brent crude, fell on Wednesday to as...

Nigeria’s Oilfields Face Shutdown Risk Amid Market Woes   The collapse of crude oil prices and the oversupply of the commodity in the global market amid shrinking demand may force some producers in Nigeria to shut down their oilfields. Given the high cost of producing a barrel...

Oil Price Now $65 As Libyan Oilfields Shut Down Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to...