Nigeria sells crude oil at $5/barrel as oil sales continue crashing

As oil prices continue on the downward slide, Nigerian oil firms may be producing at up to $5/barrel loss, as average production costs for independent and marginal field producers is between $30 and $35/barrel. Oil prices has continued a free fall, with Brent crude, similar to Nigeria‚Äôs sweet crude grade, falling 2.6 per cent to… Read More Nigeria sells crude oil at $5/barrel as oil sales continue crashing