Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
19 March | Oil

OilPrice: Nigeria's oil production hit by pipeline accident

Brent
WTI Light Crude Oil
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 Dorohina MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 177.2K to 175.4K
Today at 7:30 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 479 to 474
Today at 5:03 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 584 to 578
Today at 5:03 PM
United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator remained at the same level of 2.91M
Yesterday at 1:16 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 8.96M to 8.97M
Yesterday at 1:16 PM
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator has decreased from 4.5% to 4.25%
Yesterday at 11:02 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 4.5%
7 May
Morgan Stanley analyst suggest several conditions needed for US stocks to continue rising
7 May
Reuters: global oil exports slow amid trade tensions
7 May
China continues to boost gold reserves in face of trade disputes
7 May
All news

Forecasts

AUDCAD buy
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
Wave analysis Indicators and reports FA Other Indicators
07 May 2025 80
Elena_Dorokhina
Elena_Dorokhina
Listed among the best MarketCheese authors
1st in the segment "Currencies"
EURUSD sell
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
Technical analysis Chart analysis Indicators Fundamental analysis
07 May 2025 56
Jason_O_Brien
Brent buy
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
Hot news Chart analysis Indicators
07 May 2025 71
John_Bullard
GBPUSD buy
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
Technical analysis FA Other TA Other Indicators Fundamental analysis
07 May 2025 36
Elizabeth_Kuzmicheva
USDJPY sell
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
FA Other Hot news Chart analysis
06 May 2025 71
AntonVolkov
Natural gas buy
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
FA Other Chart analysis Indicators
06 May 2025 76
Alexandra_White
Go to forecasts