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Africa's largest crude producer is grappling with an inadequate supply of crude oil to its refineries, which is ironic. This inadequacy is stifling the development of the refineries and, by extension, Nigeria’s capacity to meet its domestic refined petroleum product needs. The repercussions are severe, affecting everything from local fuel prices to the ...
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The world's two most relied-upon crude oil benchmarks are WTI, predominantly traded on CME Group, and Brent, its European peer. Their attractiveness to financial investors is subject to a number of moving parts: the underlying supply/demand balance, economic considerations, weather and geopolitics. The weekly reports of the Commitment of Traders provide a ...