19 March 2025 | Oil

OilPrice: Nigeria's oil production hit by pipeline accident

OilPrice: Nigeria's oil production hit by pipeline accident

An accident occurred on one of Nigeria's key Trans-Niger oil pipelines on Monday evening, according to OilPrice.

The incident comes at a time when Nigeria has been working to ramp up its oil production. The West African country has struggled for years to meet its OPEC+ quota due to delays in launching new facilities and a rise in fuel theft. OilPrice experts suggest these factors may have contributed to the incident. Nigerian authorities have yet to provide an official comment.

The Trans-Niger pipeline, operated by Shell, has a capacity of approximately 450,000 barrels per day, as reported by Reuters. The accident could disrupt oil transportation volumes along this critical route.

Elena Dorokhina MarketCheese
Period: 13.07.2026 Expectation: 890 pips
EURUSD still has some growth potential after correction is over
Today at 10:19 AM 10
Period: 20.07.2026 Expectation: 120 pips
Go long on SPX targeting new record highs
Today at 09:20 AM 15
Period: 20.07.2026 Expectation: 500 pips
Buying silver on weak US labor market data
Today at 07:53 AM 9
Gold buy
Period: 13.07.2025 Expectation: 1550 pips
Gold is in technical pause ahead of Fed minutes
Today at 07:09 AM 8
Period: 03.08.2026 Expectation: 3300 pips
Buy USDCAD on widening greenback-loonie advantage
03 July 2026 43
Period: 10.08.2026 Expectation: 800 pips
AUDCAD keeps rebounding on reduced volatility
03 July 2026 26
Go to forecasts