From Goldman on oil and Nigeria:
The attacks have so far cut oil production by some 600,000 barrels a day. This, and the global oil prices remaining low, has sent Nigeria’s economy into a tailspin. “[The government] should be concerned that they have a group that seems quite capable to strike targets in defiance of Nigeria’s naval capabilities,” says Chris Ngwodo, a security specialist of the region. “In my view, they should not be answering to the requests of this group, because doing so would be a signal that violence is a tool of political engagement and that would be disasterous for the nation”.
Abuja has offered to talk with the Avengers but the militant group has denied reports it has met government representatives. The group also this weekend called for Buhari to visit the Niger delta region.
