Crude oil volatility decreases as prices rise from early 2016 levels

(Tue, 10 May 2016) During the first three months of 2016, crude oil prices were relatively more volatile than in recent history. This elevated volatility occurred when overall oil prices were low, and volatility was driven by high uncertainty related to supply, demand, and inventories. Crude oil price volatility has declined since its peak in March. Prices have risen as concerns about future economic growth have abated and as inventory growth has slowed since the start of the year.

Nigeria Country Analysis Brief

(Fri, 06 May 2016) Nigeria is the largest oil producer in Africa and is among the world?s top five largest exporters of liquefied natural gas (LNG). Supply disruptions, typically caused by pipeline sabotage from thieves siphoning crude oil and condensate, are common in Nigeria?s oil and natural gas industries. Pipeline sabotage and oil supply disruptions have increased in 2016, leading to a decline in Nigeria?s crude oil production. Because Nigeria heavily depends on oil revenue, its economy is noticeably affected by changes to its oil production and/or to global crude oil prices.

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