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Scoop.it!
The supply disruptions in Libya could last longer than previously thought, tightening oil markets as driving season boosts crude demand Via Igor Espanhol 
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Scoop.it!
To keep its prisons free of Nigerians, the United Kingdom is paying to improve the capacity of Nigerian prisons. The UK will pay up to £700,000 ($967,954) to build a new 112-bed wing at Kirikiri maximum security prisons, one of Nigeria's largest. Boris Johnson, UK's foreign secretary says sponsoring the prison will allow for some o Via Igor Espanhol
Igor Espanhol's curator insight,
March 10, 2018 8:39 PM
"The UK will pay up to £700,000 ($967,954) to build a new 112-bed wing at Kirikiri maximum security prisons, one of Nigeria’s largest. Boris Johnson, UK’s foreign secretary says sponsoring the prison will allow for some of the over 320 Nigerian inmates currently serving time in the UK to complete their sentences in Nigeria—in line with a 2014 prisoner transfer agreement between both countries." |
"Oil prices responded to the news, but traded up only modestly. In contrast, oil prices spiked in early May when the Trump administration pulled out of the Iran nuclear deal, which at the time, was thought to lead to the disruption of around 400,000 bpd of Iranian supply. In other words, the expected Iran outage – which hadn’t even happened yet – added several dollars to the price of crude while an outage in Libya of similar size barely moved the market."