Written by: Basant El-Farmawy
Data from the International Energy Agency showed a sharp decline in oil demand in Nigeria by 30%, as a result of the effects resulting from conflicts in the Middle East region, which led to the disruption of energy supply operations.
The impact of conflicts on supply movement
Geopolitical disturbances in the Middle East have contributed to tangible changes in the movement of oil shipments, which has been directly reflected in demand levels in important international markets such as Nigeria.
