India main importer of Nigerian oil, overtakes US
LAGOS, Nigeria (AP) — Nigeria’s state oil company says India has overtaken the United States as the biggest importer of Nigerian crude.
A statement Thursday says the U.S. has drastically reduced imports to 250,000 barrels a day.
It says India is importing one-third of Nigeria’s daily output of 2.5 million barrels, followed closely by China and Malaysia.
The U.S. boom in domestic shale oil production is behind the shift.