Strike Ultimatum Poses A Clear Threat To Production And Global Oil Prices

BMI View: Nigeria's main oil workers union Penganssan's threat to systematically shutdown domestic oil and gas production poses a clear risk to Nigeria and to global oil markets. Pengassan has given the government until January 15 to backtrack on its decision to abolish refined fuels subsidies, suggesting that the standoff could escalate in the days to come.

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