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Nairaland Forum / Nairaland / General / Business / Oil Price Rises To Two-Month High Of $35 (18583 Views)
Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts / Make $250 Or More Weekly With One Time Investment Of $35. / Brent Crude Oil Jumps To 26-month High As Kurds Holds Referendum (2) (3) (4)
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Re: Oil Price Rises To Two-Month High Of $35 by Danjunior(m): 7:10am On May 19, 2020 |
There is hope at last |
Re: Oil Price Rises To Two-Month High Of $35 by EricBloodAxe: 7:10am On May 19, 2020 |
Finally. Now they'll be scrambling to sell while still borrowing. |
Re: Oil Price Rises To Two-Month High Of $35 by adeshola1(m): 7:10am On May 19, 2020 |
It won't be long until it returns to the normal price |
Re: Oil Price Rises To Two-Month High Of $35 by Jeamillz2020(m): 7:11am On May 19, 2020 |
You never wake up nah |
Re: Oil Price Rises To Two-Month High Of $35 by Akeem79(m): 7:14am On May 19, 2020 |
CoronaVirusRelo: 傻逼 3 Likes |
Re: Oil Price Rises To Two-Month High Of $35 by sulaak(m): 7:17am On May 19, 2020 |
StubbornGENIUS: Who will be making money? Oil dependency is the reason why the country has not industrialised. If Nigeria is going to industrialised oil price must be below $20. |
Re: Oil Price Rises To Two-Month High Of $35 by jericco1(m): 7:18am On May 19, 2020 |
It was a nice idea to cut down the amount they produce but it is high time they started looking elsewhere for source of revenue |
Re: Oil Price Rises To Two-Month High Of $35 by kenodrill: 7:20am On May 19, 2020 |
bolaayenimo: Mumu talk! 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by Aystarz: 7:24am On May 19, 2020 |
This is only temporal. Coronavirus fears will revert things in a matter of days. Just watch the consequences of the world easing the lockdown. |
Re: Oil Price Rises To Two-Month High Of $35 by StubbornGENIUS: 7:25am On May 19, 2020 |
sulaak:Oil dependency or corrupt leaders? |
Re: Oil Price Rises To Two-Month High Of $35 by AgroTrade: 7:25am On May 19, 2020 |
nothing is impossible |
Re: Oil Price Rises To Two-Month High Of $35 by Nobody: 7:26am On May 19, 2020 |
mamaafrik:If oil remains at $2 per barrel for like two years. What resource is our government going to "diversify" the economy with? Nigerians should be careful what we wish for, you need infrastructure to diversify an economy, the infrastructure needed is currently inexistent in the country; our current earnings will ensure that such infrastructures are put in place. The same leaders that couldn't diversify the economy with the little Petro dollars they are getting, talk more of when it dries up. They will just throw the country into an insurmountable debt trap with more intense borrowing, loot everything and officially declare Nigeria bankrupt and start calling for international aid and debt cancellations. And we the masses will just be moving from one level of suffering to another through all the charade. 3 Likes 1 Share |
Re: Oil Price Rises To Two-Month High Of $35 by smeag0l(m): 7:29am On May 19, 2020 |
The report mentioned that Nigerian crude is priced using the Brent price. This is not true. Nigerian crude currently sells about $10 below what the brent crude goes for. |
Re: Oil Price Rises To Two-Month High Of $35 by EdiskyHarry: 7:30am On May 19, 2020 |
And some fools will come here to vomit rubbish against Niger delta, the region that is sustaining Nigeria and feeding your entire generation. 1 Like 1 Share |
Re: Oil Price Rises To Two-Month High Of $35 by Akeem79(m): 7:34am On May 19, 2020 |
CoronaVirusRelo: 没必要 3 Likes |
Re: Oil Price Rises To Two-Month High Of $35 by Nobody: 7:43am On May 19, 2020 |
Missing that oil trade at 7$ on fxtm still pains me till date 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by Akeem79(m): 7:44am On May 19, 2020 |
CoronaVirusRelo: 继续闹 3 Likes |
Re: Oil Price Rises To Two-Month High Of $35 by RapistOnBail: 7:48am On May 19, 2020 |
mamaafrik:You wait for the Government to diversify and enrich themselves. What about The citizens? What stops them from diversifying? |
Re: Oil Price Rises To Two-Month High Of $35 by SoNature(m): 7:49am On May 19, 2020 |
ChiefAfonja: If oil price falls to $0, you will run away from this country in frustration Be careful what you wish for 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by wink2015(m): 7:54am On May 19, 2020 |
lonelydora: YOU HAVE HIT THE NAIL ON THE HEAD. Northerners should go and face Agriculture. Other regions in Nigeria should start preparing for the BEYOND OIL reality. 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by ruffhandu: 8:02am On May 19, 2020 |
TheEffective:I doubt if any country will need more petroleum post-pandemic than it needed pre-pandemic. My prediction is that the countries will start shifting away from the use of oil. If Nigerian has sense, it should know that this is the beginning of the end of era oil crude oil. I had advised Nigeria and Nigerians about this some years back. 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by Enyimbamercedes: 8:03am On May 19, 2020 |
The only diversification this government knows is to create all sorts of taxes They increased VAT Introduced Stamp duty You cannot give what you dont have! All he knows is "hoil" ....diversification of agriculture means taking over Nigeria with cows and herdsmen... 2 Likes |
Re: Oil Price Rises To Two-Month High Of $35 by grandstar(m): 8:06am On May 19, 2020 |
helinues: Fantastic development. With more lockdown easings (nobody uses petrol in a lockdown), demand will skyrocket globally for crude oil. Price should touch $50+ in a few months time if OPEC and the other oil cutters stick to the agreement. Even if they don't, I still feel the price staying at $50 or more |
Re: Oil Price Rises To Two-Month High Of $35 by ruffhandu: 8:07am On May 19, 2020 |
Rgade:At least, after the bankruptcy declaration, the money to loot would have dwindled. Anything to stop these looters. |
Re: Oil Price Rises To Two-Month High Of $35 by K4daniel: 8:08am On May 19, 2020 |
I know it will still increase but Our Internal problems still remain. No leadership to take us to the next level all seeking their own benefit. The masses have not benefited in all the money since the beginning of oil discovery. Under covid -19 lockdown we could not feed our citizens despite being one of the giants in Africa. Over 200 Oil blocks and OML are allocated to individuals, family and friends, girl friends, instead of giving each states of the federation to manage for the benefit of citizens, but our leaders only favoured individuals who later give the oil blocks to big companies to manage for them and get their monthly billions of dollars in returns. Therefore, any increase or decrease in prices have no any beneficial impart on the masses Unlike Kuwait , Saudi Arabia and many other oil producing nations. 1 Like |
Re: Oil Price Rises To Two-Month High Of $35 by Gaddafiyusf(m): 8:15am On May 19, 2020 |
You better fall to $29.23 |
Re: Oil Price Rises To Two-Month High Of $35 by Nobody: 8:16am On May 19, 2020 |
. |
Re: Oil Price Rises To Two-Month High Of $35 by universe26(m): 8:18am On May 19, 2020 |
I wonder when nigerian government will look beyond the roof of the country or think of tomorrow. we have all what it takes to make the best country, such that americans will even come to serve us. but stealing no go allow them think. |
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