A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was called off on the same day that it started, easing concerns of a major supply disruption. The discussion between the government and the Petroleum and Natural Gas Senior Staff Association of Nigeria (Pengassan)—which mostly represents managers in the upstream oil and gas industry—fell apart, leading to the strike. The FT reported that the talks were ongoing, and there are now hopes that negotiations could keep workers on the job. So far, there are no signs that Nigeria’s oil production is going offline, but strikes in the past have led to supply disruptions. A year ago, a strike by employees at an ExxonMobil-led project knocked 550,000 barrels per day offline, according to the FT, citing Energy Aspects. But that only affected […]