Kposkila:
God pls save this free falling of oil price like u saved chelsea from free fall into relegation!

Okanokan:
The oil price will rise above 30 Dollar mark starting from August 2017 and rising to its peak by July 2018.

jpphilips:
The unfavorable price has forced the US to cut production that will stabilize the price around the $30 margin for a while.
My greatest concern lies with the fact that most oil exporting countries are running on budget deficit which may likely force them to seek for loans.
It is high time these countries form a union to determine collectively their loan destination.
It makes no sense that the US shale oil saturates the market with antecedent drop in crude price, then affected countries will run to the US financial institutions to make up for their budget deficit.
All the affected oil producing countries need to seek for Loans in Asia not World bank and IMF.

IsraeliAIRFORCE:
A good step in the right direction. This is the only move so far by Buhari to fulfil his campaign promise of stabilizing the price of oil.

If Buhari had achieved stabilizing the price of oil in June, 2015 then we would've been singing his praises all along but he forgot to do the needful but thank goodness better late than never.

Sai Buhari.
Please explain what you mean by a good step in the right direction

The next is to work on strenghtening the value of Naira against foreign currencies.

K9blunt:
Please explain what you mean by a good step in the right direction

IsraeliAIRFORCE:


If Buhari achieves the stabilization of oil price with price pegged inbetween $70 to $80 per barrel for 2016 to 2019 then he will have the liberty to do without IMF and World bank while having enough money and foreign reserve to continue the tranfomation agenda and this time with minimal financial corruption and embezzlement in the system.

IsraeliAIRFORCE:
A good step in the right direction. This is the only move so far by Buhari to fulfil his campaign promise of stabilizing the price of oil.

If Buhari had achieved stabilizing the price of oil in June, 2015 then we would've been singing his praises all along but he forgot to do the needful but thank goodness better late than never.

Sai Buhari.

The next is to work on strenghtening the value of Naira against foreign currencies.

okpurukata:

This is illiteracy at its peak. How on earth do you expect Buhari to stabilize or increase oil price. Ever heard of demand and supply? Bruce up dear. The price is about to plunge lower. America has just lifted sanctions on Iran. We were told Iran has over one year supply lying in tankers waiting to flood the market this month.
The a Government needs to urgently look for another source of revenue. A new product to sell to the world to gain foreign inflows. Thanks

okpurukata:


This is illiteracy at its peak. How on earth do you expect Buhari to stabilize or increase oil price. Ever heard of demand and supply? Bruce up dear. The price is about to plunge lower. America has just lifted sanctions on Iran. We were told Iran has over one year supply lying in tankers waiting to flood the market this month.

The a Government needs to urgently look for another source of revenue. A new product to sell to the world to gain foreign inflows. Thanks

jpphilips:

IsraeliAIRFORCE:
A good step in the right direction. This is the only move so far by Buhari to fulfil his campaign promise of stabilizing the price of oil.

If Buhari had achieved stabilizing the price of oil in June, 2015 then we would've been singing his praises all along but he forgot to do the needful but thank goodness better late than never.

Sai Buhari.

The next is to work on strenghtening the value of Naira against foreign currencies.

asha80:
that is too far mate

giantstrides:


Very true, I also don't understand why everyone keeps using the dollar as the world's oil currency, let them move to other currencies, or the USA will keep emerging the winner .

IsraeliAIRFORCE:


If Buhari achieves the stabilization of oil price with price pegged inbetween $70 to $80 per barrel for 2016 to 2019 then he will have the liberty to do without IMF and World bank while having enough money and foreign reserve to continue the tranfomation agenda and this time with minimal financial corruption and embezzlement in the system.

How old are you?

jpphilips:




How old are you?

jpphilips:


Which currency do you think can support balance of trade worldwide?

giantstrides:


I'm sorry for the late reply, I got banned briefly. Concerning the currency issue, I think this article will help.

www.russia-insider.com/en/business/russia-breaking-americas-oil-price-monopoly/ri12174

jpphilips:
The unfavorable price has forced the US to cut production that will stabilize the price around the $30 margin for a while.
My greatest concern lies with the fact that most oil exporting countries are running on budget deficit which may likely force them to seek for loans.
It is high time these countries form a union to determine collectively their loan destination.
It makes no sense that the US shale oil saturates the market with antecedent drop in crude price, then affected countries will run to the US financial institutions to make up for their budget deficit.
All the affected oil producing countries need to seek for Loans in Asia not World bank and IMF.

drnoel:


I was telling someone that this thing was too fishy. Its the and that China was the destination for progress but they didn't believe me.