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Opinion
Julian Lee

Forget the Saudis, Nigeria's the Big Oil Worry

Production at 20-year lows amid Niger Delta attacks

Drag your attention away from the Middle East for a moment. While policymakers have been focused on Saudi Arabia's oil market machinations, what really matters right now is happening 3,000 miles away in the Niger River delta.

The country that was, until recently, Africa's biggest crude producer is slipping back into chaos. A wave of attacks and accidents have hit infrastructure, taking Nigeria's output down to 20-year lows.