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Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. - Foreign Affairs - Nairaland

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Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 6:38pm On Apr 03, 2020
Russian President Vladimir Putin has indicated interest to work with the United States Government and Saudi Arabia to halt the Global fall in oil prices. The controversial leader had said he is ready to cut its production to about 10 million barrels of oil daily.

Russia is willing and ready to work with the United states Government on the oil markets said Mr. Putin.

You will recall that the price of oil fell globally amid rift between USA, Saudi Arabia and Russia
Russia had rejected a proposal by Organization of the Petroleum Exporting Countries, OPEC (A body responsible for the petroleum policies of its 14 major oil-exporting countries) to cut 1.5 million barrels per day of is oil production.

Source: http://techdesc.com/breaking-russia-indicates-interest-to-halt-the-global-free-fall-of-oil-prices/

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by sapientia(m): 6:38pm On Apr 03, 2020
Trump tweeted yesterday that he called Russia and Saudi cos of that.
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Tpave(m): 6:40pm On Apr 03, 2020
Good. A huge sigh of relief for Nigeria. Diversification is the key now
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 6:40pm On Apr 03, 2020
Dollar will soon fall be that

1 Like

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Blackfire(m): 6:41pm On Apr 03, 2020
This Putin is one badass

1 Like

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Nobody: 6:41pm On Apr 03, 2020
Dollar is crashing soon... there may be surplus dollar because the pandemic has really reduced dollar expenses.

1 Like

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by ivolt: 6:43pm On Apr 03, 2020
Smart Putin.
He knows that Coronavirus is dealing with the US and the shale industry is also getting hit.
He will release the noose a bit.

The end game of the price war is to destroy the US shale industry.

4 Likes

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by ivolt: 6:43pm On Apr 03, 2020
Esseite:
Dollar is crashing soon... there may be surplus dollar because the pandemic has really reduced dollar expenses..
Dollar crash against which currency?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Nobody: 6:47pm On Apr 03, 2020
ivolt:

Dollar crash against which currency?

We sell crude and receive dollars.. now the use of the dollars in our economy, eg schools fees, purchases, imports etc, the pandemic is affecting international trade badly excluding petrol importation.. It would definitely make the dollar more available thereby crashing the price against the naira.

So we should be looking at 300/290 to N1 soon, that's if it works out. Although fuel price might go up again.
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 6:48pm On Apr 03, 2020
He means Dollar will come back to normal
ivolt:

Dollar crash against which currency?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by 175(m): 6:51pm On Apr 03, 2020
Despite being a major crude exporter, Nigeria is just but a pawn to these guys.
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 6:53pm On Apr 03, 2020
Hahahahahaha
175:
Despite being a major crude exporter, Nigeria is just but a pawn to these guys.
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by 0m0nnakoda: 6:55pm On Apr 03, 2020
Yusuf4:
He means Dollar will come back to normal
What is "normal"?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Ventura1: 7:05pm On Apr 03, 2020
Esseite:


We sell crude and receive dollars.. now the use of the dollars in our economy, eg schools fees, purchases, imports etc, the pandemic is affecting international trade badly excluding petrol importation.. It would definitely make the dollar more available thereby crashing the price against the naira.

So we should be looking at 300/290 to N1 soon, that's if it works out. Although fuel price might go up again.

Are you a Buharist? You narration up there necessitate the question.
What do you think will happen to the current fuel price by the time crude oil price increases?

1 Like

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 7:10pm On Apr 03, 2020
grin
Ventura1:


Are you a Buharist? You narration up there necessitate the question.
What do you think will happen to the current fuel price by the time crude oil price increases?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Nobody: 7:35pm On Apr 03, 2020
Ventura1:


Are you a Buharist? You narration up there necessitate the question.
What do you think will happen to the current fuel price by the time crude oil price increases?

It would go up to about 145 again..
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Ventura1: 7:58pm On Apr 03, 2020
Esseite:


It would go up to about 145 again..

shocked shocked Are you sure? I've bookmark this page
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by BlackBaron: 8:35pm On Apr 03, 2020
Esseite:


We sell crude and receive dollars.. now the use of the dollars in our economy, eg schools fees, purchases, imports etc, the pandemic is affecting international trade badly excluding petrol importation.. It would definitely make the dollar more available thereby crashing the price against the naira.

So we should be looking at 300/290 to N1 soon, that's if it works out. Although fuel price might go up again.
Don't lie.
You failed economics while at secondary school?

1 Like

Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by ivolt: 9:01pm On Apr 03, 2020
Esseite:


We sell crude and receive dollars.. now the use of the dollars in our economy, eg schools fees, purchases, imports etc, the pandemic is affecting international trade badly excluding petrol importation.. It would definitely make the dollar more available thereby crashing the price against the naira.

So we should be looking at 300/290 to N1 soon, that's if it works out. Although fuel price might go up again.
It will not "crash" beyond 360.
The CBN was artificially propping the Naira with millions of dollar intervention before
this crisis.
This will be a time to freely float the Naira and get a reprieve.
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by mytime24(f): 9:02pm On Apr 03, 2020
Watchin in7d
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 9:35pm On Apr 03, 2020
0m0nnakoda:

What is "normal"?


Dollar rate against Naira currently is N400/$ so it could come down to 360/$
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by 0m0nnakoda: 9:53pm On Apr 03, 2020
Yusuf4:



Dollar rate against Naira currently is N400/$ so it could come down to 360/$
On what basis?
The bible? Or Quran?
Why not 1 to 1 or 260

What exactly do you base 360 on ?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 11:02pm On Apr 03, 2020
I said Could sir
0m0nnakoda:

On what basis?
The bible? Or Quran?
Why not 1 to 1 or 260

What exactly do you base 360 on ?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by 0m0nnakoda: 11:09pm On Apr 03, 2020
Yusuf4:
I said Could sir
Specious

How did we start?
The question was

What is "normal "?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 8:09am On Apr 04, 2020
Okay
0m0nnakoda:

Specious

How did we start?
The question was

What is "normal "?
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Yusuf4: 10:38pm On Apr 06, 2020
Tpave:
Good. A huge sigh of relief for Nigeria. Diversification is the key now

Will they diversify
Re: Breaking: Russia Indicates Interest To Halt The Global Free Fall Of Oil Prices. by Meti99(m): 12:51am On Apr 07, 2020
df

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