Nigeria: Oil Price Hits U.S.$115 Over Subsidy Crisis

Via AllAfrica | 13 Jan 2012 - 09:24:19

This Day (Lagos)-A threat by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to shut down crude oil production this weekend in protest against the removal of fuel subsidy has pushed crude oil price up more than $2 to trade at $114.70 Thursday. Source