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Nigeria cuts oil price as OPEC pressure grows
Nigeria, the United States second largest oil supplier, announced a immediate four dollar a barrel discount to thirty six dollars, potentially provoking price cuts across Africa and the Middle East. Analysts say the move could lower U.S. gasoline prices by a few cents per gallon and reflect efforts to regain customers amid a glut and Nigeria's falling output.
MENTIONED IN THIS ARTICLE
New York Times
Nigeria
United States
OPEC
Walter J. Levy
Organization of Petroleum Exporting Countries
Algeria
Libya
Kuwait
Iran
Marshall Thomas
Petroleum Intelligence Weekly