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Nairaland Forum / Nairaland / General / Business / Plummeting Oil Prices: LNG Price Slumps By Over 50% (11813 Views)
Iran Nuclear Deal: Oil Prices Climb Above $76 / NNPC Cuts Oil Prices To Woo Buyers- The Punch / Manufacturers Contemplate Exit As Production Cost Rises By Over 50% (2) (3) (4)
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by HzRF(m): 7:15am On May 30, 2016 |
nbright:He's too dull coupled with been a certified illiterate he can in anyway Phantom thoughts that will move Nigeria forward simultaneously moving his administration forward How he will categorized NIGERIANS into percentage Defend his Co-terrorists rampaging around Tell lies and propaganda against a rare gem in GEJ Etc These are what his shallow brain could manufacture |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by DeleSuper1: 7:16am On May 30, 2016 |
ko kan mi let the bundesligas begin to share the oil free since it's falling on daily basis. mtcheew! gerarahere joo. pls how much is a litre of fuel now since the price has fallen again. [b]ko Jan mi let the bundesligas begin to share the oil free since it's falling on daily basis. mtcheew! gerarahere joo. pls how much is a litre of fuel now since the price has fallen again. [/b]ko Jan mi let the bundesligas begin to share the oil free since it's falling on daily basis. mtcheew! gerarahere joo. pls how much is a litre of fuel now since the price has fallen again. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by Pavarottii(m): 7:17am On May 30, 2016 |
ihatebuhari:And I love you. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by Emmaoga: 7:19am On May 30, 2016 |
must you guys use this things to start someone's day?. I don't think about BUHARI and Nigeria between 6am -12noon. if you do.....your day will end on the left hand . I usually think of BUHARI by 1pm and 3pm. that odd hour so that those wicked and evil spirit or demons will jam him on his way to travel. BUHARI to fight QUARUPOCEAN inside plane touring the whole world. 2 Likes |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by somehowpenis(m): 7:21am On May 30, 2016 |
koxi:those great nations were manufacturers , those great nation never depended only on oil as a main source of income.. Those great nation settled their indifferences first as a nation before developing, those great nation weren't as over populated with tribes that hate themselves like we are... I ask again , how do you see your fairytale prediction coming to pass?? Where exactly are we going to start from before becoming great?? 2 Likes |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by favouritesahaba: 7:21am On May 30, 2016 |
The benefit was eroded by the exchange rate of #295 in Nigeria. This economy has been killed since. Not today! |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by koxi: 7:28am On May 30, 2016 |
somehowpenis: You sound as if all hope is lost. There is a reason why GOD is keeping you and me alive, don't you think so? A word of advice: always have a positive outlook in life, no matter the situation. Tough times don't last, but tough people do. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by HzRF(m): 7:29am On May 30, 2016 |
DropShot:Instead u should weep on behalf of your self So ur saviour didn't know the state of oil Globally before saying he will "stabilize" the price of crude oil and after realizing how Dwarf his reasonings was that he still unleash the likes of lie mohammed to. Feed a suppose educated entities with pure unadulterated lies yet u keep accepting it like the gospel truth U need to weep for urself 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by AreaFada2: 7:31am On May 30, 2016 |
bondingman: When people kokoro voted out Goodluck, do you need a prophet to tell you what they were courting?? But this is exactly why people voted Buhari. To come and stabilise world oil market as he promised. Zombie be like: he did not mention LNG price, only oil prices he promised to stabilise. 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by chigoizie7(m): 7:31am On May 30, 2016 |
whirlwind7: Not when all of them still depends on the central govt. I understand ur points, it will be good for us. But it can only achieve its maximum purpose if states or regions are charged by law(constitution) to care of their affairs and pay small amount to FG. Try this and u will see competition amongst states, try this u will realise that most governors will not be in office past 1 or 2yrs, because they will be impeached if they ain't working,because it is whatever they gain from the works is what they will use to pay salaries to even those legislators that will impeach dem if they run on deficit. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by tansho(m): 7:35am On May 30, 2016 |
DropShot: He promised to stabilize world oil prices. So, how is the fault of the youth that they believed him? |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by DropShot: 7:35am On May 30, 2016 |
HzRF:I pity your future. As for me, by His Grace, I am made. Na you and your likes I dey pity. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by tansho(m): 7:36am On May 30, 2016 |
DropShot: He promised to stabilize world oil prices. So, how is it the fault of the youth that they believed him? |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by DropShot: 7:37am On May 30, 2016 |
tansho:Can you bring the evidence here? His actual words so we can analyse them. I remember the interview and I know how it was deliberately reported wrongly. Wasted youths litter here indeed. 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by darecool(m): 7:38am On May 30, 2016 |
These things look more spiritual than physical, Why is everything happening simultaneously? God please help us |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by seunajia: 7:43am On May 30, 2016 |
Pavarottii: You're just exposing your ignorance. The drop in the price of oil and gas has nothing to do with Jonathan. He didn't steal yet there's a $2.1b from which Metuh got 400m he's willing to return. And Alison-Madueke is stuck here in the UK. You guys are evil. May the wrath of God be with all those who for whatever reason don't mean well for my country. 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by HzRF(m): 7:47am On May 30, 2016 |
DropShot:LOL definitely It's true age doesn't connote wisdom What makes you think you are better made than me? Dey use ur head that we come here to talk /argue) take a jibe at each other concerning Nigeria politics doesn't mean we are in the same class ooo |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by watchindelta(m): 8:00am On May 30, 2016 |
many mumu Nigerians said we tooo lazy how? but d true na our government lazy pass. like witch aba |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by tansho(m): 8:06am On May 30, 2016 |
DropShot: You're working harder than Adesina and Garba put together, just that you don't get paid for your efforts. You need evidence of all the failed promises, abi? Very soon you'll request evidence of the president promising to disclose names of looters on May 29. Lemme laugh in Fulani. Wasted elders litter here indeed! |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by DropShot: 8:09am On May 30, 2016 |
[s] tansho:[/s] |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by Starieangel(f): 8:09am On May 30, 2016 |
It's nt a mistake dt God has given us 365bfearnot in the Bible. So no matter how terrible the situation of this country is, am nt afraid. For when others are saying casting down, I shall be lifted up. It's up to u all. Be positive. Sikena. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by ooshinibos: 8:13am On May 30, 2016 |
lonelydora:how ?? |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by somehowpenis(m): 8:16am On May 30, 2016 |
koxi:for Nigeria, all hope is lost.. God is keeping me alive to achieve what i am to Achieve.. God is not keeping me alive cos of any country called Nigeria. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by micxwell(m): 8:22am On May 30, 2016 |
chigoizie7: Yes o brother, that's one thing I don't understand about this whole oil and gas stuff. The price keeps falling in the international market and yet we still pay MORE for it here in Nigeria, I'll want someone that understands to explain! |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by micxwell(m): 8:26am On May 30, 2016 |
somehowpenis:At least we believe G>>O<< can do it. |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by macjireh: 8:51am On May 30, 2016 |
NA TO SACK THEIR WORKERS REMAIN. WAT A BAD TIME TO WORK IN D OIL&GAS |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by Nobody: 8:55am On May 30, 2016 |
DropShot:its seriously tiring and painful. They sold their brain to politics |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by aloeman15(m): 9:16am On May 30, 2016 |
Na wa o. I wonder how your mind works. You insulted nigerian youths, someone tackled the issues in your insult, you ignored the issues he tackled and insulted him... Are you ok at all? DropShot: DropShot: DropShot: 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by macjireh: 9:27am On May 30, 2016 |
micxwell: DON'T REALLY UNDERSTAND D ECONOMIC TERMS PLAYING HERE, BUT D LITTLE I UNDERSTAND IS DAT, SINCE WE DEPEND LARGELY ON SALES OF CRUDE OIL TO RUN OUR ECONOMY, D PAYMENT WE NOW GET HAS DROPPED. FOR INSTANCE, LETS SAY WE USED TO SELL 2000 BARRELS PER DAY AS AT 2014 AND WE MADE $100,000 DAILY FROM SALES OF CRUDE, NOW IN 2016, D QUANTITY OF CRUDE WE SELL DAILY HAS DROPPED TO SAY 900 BARRELS PER DAY BECAUSE OTHER COUNTRIES HAVE INCREASED THEIR SUPPLY. ELEMENTARY ECONOMICS TEACHES DAT INCREASED SUPPLY LOWERS DEMAND. NOW DS ON ONE SIDE. SECONDLY D "900" BARRELS WE NOW SUPPLY DAILY USED TO SELL AT 2000X $115 , BUT NOW WE SELL AT 900X $50 DAILY. DO D MATH AND U SEE THAT NIGERIA IS LEFT WITH LITTLE OR NOTHING TO RUN HER ECONOMY. THIRDLY DEVALUATION SEEMED TO BE D ONLY WAY OUT. A SIMPLE UNDERSTANDING OF DEVALUATION TO ME IS ADDING MORE TAX ACROSS ON EVERY COMMODITY BOUGHT IN A COUNTRY. THIS IS SHOWN ON D CURRENCY BY WHICH WE EXCHANGE FOR GOODS IN D INTERNATIONAL MARKET WHICH IS DOLLAR. BY SO DOING, D GOVERNMENT WILL HAVE ENOUGH MONEY TO RUN PROJECTS, PAY WORKERS AND STUFF. DZ AND MANY MORE ARE D REASONS Y FUEL PRICES ARE ALSO ON D HIGH SIDE. I HOPE DS EXPLANATION CAN SUSTAIN U TILL WEN U GET A MORE TECHNICAL ONE FROM AN ECONOMIST. 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by aloeman15(m): 9:27am On May 30, 2016 |
The issues that affect our pump price are crude price and forex (dollar) price. The govt has devalued the naira to 285/$. So, petrol was imported at 199, giving N87/l. But though crude prices dropped, dollar is now N285. Hence the increased pump price. micxwell: 1 Like |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by koxi: 9:31am On May 30, 2016 |
somehowpenis: Wow!!! This guy's seriously pissed at the entity called Nigeria... |
Re: Plummeting Oil Prices: LNG Price Slumps By Over 50% by tansho(m): 9:46am On May 30, 2016 |
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