Nigeria is ‘huge risk’ to oil market: Analyst

With Nigeria’s oil production reportedly hitting a more than 20-year low, one oil analyst tells CNBC why the country’s oil dilemma should be at the top of investors’ minds.”I think Nigeria really should be at the top of the agenda, because this is not necessarily about low oil prices,” Amrita Sen, chief oil analyst at Energy Aspects, told CNBC Monday.”It is about the geopolitical backdrop, the Niger Delta Avengers and how the government is dealing with them and clearly this is a huge risk to the market,” she added.A string of attacks against Nigeria’s oil infrastructure has put severe pressure on the country’s overall output, with companies recently having to evacuate or close their facilities. The group who’s claimed responsibility for these attacks is militant group, the Niger Delta Avengers, whose main goal is to “cripple” Nigeria’s economy, according to its website.

Source: Nigeria is ‘huge risk’ to oil market: Analyst

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