West African Oil Seen Distressed by IEA Stocks

- June 24th, 2011

Reuters reports that Oil trade from African nations Angola and Nigeria is likely to suffer most from the global oil stocks release.

Reuters reports that Oil trade from African nations Angola and Nigeria is likely to suffer most from the global oil stocks release.

The market news is quoted as saying:

West African producers, mostly Nigeria and Angola, are key suppliers of light sweet crude to the United States apart from its domestic production such as Louisiana Light Sweet (LLS).

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