As our economy continues to be based more and more more on a global level, its important to realize what happens in Nigeria may not stay in Nigeria.
A recent strike in Nigeria as caused Exxon to completely shut-down production there, hurting the balance between supply and demand world-wide. But now it looks like the striking workers requests may have been solved and oil production can continue.
Also, recent attacks on oil refineries have also led to a reduction in overall oil production.
Continue reading Gas prices expected to drop after strike ends