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Citing tough environment, Nigerian crude traders switch to swap deals

by ISAAC ANYAOGU

September 14, 2018 | 5:23 pm
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A new regional swap market has emerged on the West African sub region, as oil traders challenged by a tough operating environment worsened by competition from shale producers, are increasingly turning to cash-settled swaps to speculate on prices and eke out profit.   So far in the arrangement, 8 million barrels of oil have been…

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by ISAAC ANYAOGU

September 14, 2018 | 5:23 pm
  |     |     |   Start Conversation

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