<b>Nigerian white-collar workers go on strike at Chevron</b>
Nigeria's senior white-collar oil workers began a strike against Chevron's local unit after weeks of talks collapsed, union officials said.
Jonathan Omare, secretary of the local Chevron union, said a full-scale strike had begun, though production was not yet affected. ''The strike is everywhere,'' Omare said by telephone. ''Nobody's working apart from the guys in the field.''
In a letter sent to Chevron executives in California, the union is demanding that Fred Nelson, the head of the Nigerian unit, be removed. It's also alleging that safety standards have lapsed and Nigerian employees have been replaced with expatriates.
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<b>Oil prices rise after Jeddah summit</b>
World oil prices have risen in Asia after militants blew up a Nigerian oil pipeline, intensifying concerns about tight global crude supplies despite Saudi Arabia's output hike.
But experts said there were other sources of tension in the oil market counteracting the Saudi output hike.
"It's really not too significant compared to the disruption in Nigeria," said Victor Shum of Purvin and Gertz international energy consultancy in Singapore.
Militants in Nigeria blew up a key Chevron oil supply pipeline in the latest attack targeting the country's oil industry, company and military sources said Saturday.
The US oil giant was forced to shut down operations after the attack in the volatile Niger Delta, halting output by 120,000 barrels per day, an industry source said.
The Anglo-Dutch oil giant Shell has also said it cannot promise to deliver 225,000 barrels per day for June and July following an unprecedented raid on its offshore Bonga oilfield.
Unrest in the Niger Delta has cut total oil production in one of Africa's biggest producers by a quarter over the past two years.
"There were no concrete measures that would change the structural tightness in global oil markets," Shum said of the summit in Jeddah.
Neither were there measures to address geopolitical factors that have also helped boost prices, Shum said.
Among those factors are worries about a possible Israeli military strike against Iran's nuclear facilities.
"With further threat of attack on Iran from Israel and further supply disruptions in Nigeria, the oil price is now destined to rise further," said John Hall, who runs energy consultancy John Hall Associates.
http://www.turkishpress.com/news.asp?id=237897"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
