Summary Box: Nigeria oil union threats shutdown (AP)

OIL CUTOFF? A major union representing Nigerian oil workers said it will shut down all production Sunday as part of a nationwide strike in a country that is important to U.S. oil supplies.

REFINERY REDUCTION: Nigeria is the fifth-largest oil exporter to the United States, supplying 630,000 barrels of crude per day to American refineries.

THREAT IMPACT: It is unclear how large an effect the planned shutdown by the Petroleum and Natural Gas Senior Staff Association of Nigeria will have. Benchmark oil prices on Thursday rose above $102 a barrel on concerns about global supplies.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120112/ap_on_bi_ge/af_nigeria_fuel_subsidy_oil_summary_box

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