Saudi Attack: Research Firm Predicts There Will Be No Windfall For Nigeria | Sahara Reporters In a report released on Monday, SBM intelligence said the plan by the United States to open up its strategic oil reserves, was behind the closure of...READ MORE:
This image provided by the US government and DigitalGlobe shows damage to the infrastructure at Saudi Aramco’s Abqaiq oil processing facility in Buqyaq.An analysis on the impact of the attack on two oil processing plants in Saudi Arabia, which took out five per cent of the world’s daily petroleum supply, concludes that there will be no windfall for Nigeria.
The report said, “Given that the US has said it would release oil from its strategic reserves in order to balance supply, there will be no windfall for Nigeria. It however noted that if the rise in prices holds up, some short term benefit would come to the country.
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