Price War Hits Africa’s Largest Oil Producer

Caught in the Saudi-Russian oil price war, Africa’s largest oil producer, Nigeria, has discounted deeply its crude and aims to pump as much as it can, trying to retain customers in the unprecedented demand plunge. However, the price to pay in the oil price war may be too steep for Nigeria.    Right now, Nigeria’s only response is to discount its oil and to pump oil at maximum levels possible, the country’s petroleum, minister Timipre Sylva, told Bloomberg in an interview.    Africa’s largest…