{"id":9148,"date":"2016-05-19T08:07:30","date_gmt":"2016-05-19T08:07:30","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=9148"},"modified":"2016-05-19T08:07:30","modified_gmt":"2016-05-19T08:07:30","slug":"niger-delta-avengers-now-dictates-the-worlds-oil-prices","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=9148","title":{"rendered":"Niger Delta Avengers now dictates the World&#8217;s Oil Prices"},"content":{"rendered":"<p><code><a href=\"http:\/\/www.kaymu.com.ng\/computers-laptops-gaming\/?utm_source=pap&amp;utm_medium=aff&amp;utm_campaign=84f4a1bf&amp;a_aid=Omafume&amp;a_bid=84f4a1bf\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"\/\/kaymu.postaffiliatepro.com\/accounts\/default1\/a72f75b38\/84f4a1bf.jpg\" alt=\"\" width=\"320\" height=\"250\" \/><\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" src=\"http:\/\/kaymu.postaffiliatepro.com\/scripts\/a72f75i38?a_aid=Omafume&amp;a_bid=84f4a1bf\" alt=\"\" width=\"1\" height=\"1\" \/><\/code><\/p>\n<p>Oil prices are close to hitting $50 per barrel for the first time since November \u2014 but it has nothing to do with Saudi Arabia and Iran cutting oil production, as so much of the market has hoped.<\/p>\n<p>It&#8217;s all down to Nigerian militants.<\/p>\n<p>Nigeria was\u00a0dethroned as Africa&#8217;s largest oil producer this month because the deteriorating political and security situations\u00a0pose such a\u00a0threat to Nigeria&#8217;s oil output.<\/p>\n<p>Militant activity from group Niger Delta Aveng<a href=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1.jpg\" rel=\"attachment wp-att-9096\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-9096\" src=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1.jpg\" alt=\"Militants\" width=\"770\" height=\"470\" srcset=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1.jpg 770w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1-300x183.jpg 300w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1-768x469.jpg 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/a>ers is forcing supply disruptions and has made the country&#8217;s output fall by 800,000 barrels per day to 1.4 million barrels per day, according to Nigeria&#8217;s oil minister\u00a0Emmanuel Ibe Kachikwu.<\/p>\n<p><!-- BEGIN JUMIA --><br \/>\n<a href=\"http:\/\/marketing.net.jumia.com.ng\/ts\/i3556158\/tsc?amc=aff.jumia.44339.52450.24196&amp;tst=!!TIMESTAMP!!\" target=\"_blank\" rel=\"nofollow\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/marketing.net.jumia.com.ng\/ts\/i3556158\/tsv?amc=aff.jumia.44339.52450.24196&amp;tst=!!TIMESTAMP!!\" alt=\"NG-[C:G.Home,B:Allbrand,Wk:1816,Dim:336X280]:AC\" width=\"336\" height=\"280\" border=\"0\" \/><br \/>\n<\/a><\/p>\n<p><!-- END JUMIA --><\/p>\n<p>Data cited by RBC Capital Markets&#8217; commodities team in an early May research note said Nigeria&#8217;s oil production slipped to 1.69 million barrels per day.<\/p>\n<p>Regardless of either assessment, this is still below the production level of Angola, which held steady in April, at 1.8 million barrels per day.<\/p>\n<p>You can see the effect of the Nigerian militant activity\u00a0on the oil market on Tuesday, reducing supply and boosting the price:<\/p>\n<p>http:\/\/uk.businessinsider.com\/<\/p>\n<p><code><a href=\"http:\/\/www.konga.com\/backtoschool?utm_source=affiliates&amp;utm_medium=web&amp;utm_term=backtoschool&amp;utm_content=04_04_2016&amp;utm_campaign=backtoschool&amp;k_id=Omafume&amp;k_bid=8c6fe3b5\" target=\"_top\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"\/\/konga.postaffiliatepro.com\/accounts\/default1\/bo3dhla\/8c6fe3b5.jpg\" alt=\"\" width=\"300\" height=\"600\" \/><\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" src=\"http:\/\/konga.postaffiliatepro.com\/scripts\/io3dhla?k_id=Omafume&amp;k_bid=8c6fe3b5\" alt=\"\" width=\"1\" height=\"1\" \/><\/code><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices are close to hitting $50 per barrel for the first time since November \u2014 but it has nothing to do with Saudi Arabia and Iran cutting oil production, as so much of the market has hoped. It&#8217;s all down to Nigerian militants. Nigeria was\u00a0dethroned as Africa&#8217;s largest oil producer this month because the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[1979,1462,1978],"class_list":["post-9148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-emmanuel-ibe-kachikwu","tag-niger-delta-avengers","tag-rbc-capital-markets"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2016\/05\/Militants-1.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-2ny","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9148"}],"version-history":[{"count":1,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9148\/revisions"}],"predecessor-version":[{"id":9149,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/9148\/revisions\/9149"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/9096"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9148"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}