Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,186 members, 7,953,672 topics. Date: Thursday, 19 September 2024 at 10:27 PM |
Nairaland Forum / Nairaland / General / Politics / Nigeria To Shut Down Oil Fields Amidst Low Oil Prices (1231 Views)
Avengers Warns NUPENG, PENGASSAN, Foreigners To Leave Oil Fields / PENGASSAN Threatens To Shut Down Oil Sector In Seven Days / Niger Delta Avengers: Exxon Shuts Down Oil Operations (2) (3) (4)
Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by NavierStokes(m): 10:54am On Jan 18, 2016 |
The government may commence shutting in oil fields as the oil prices drop, as cost of production approach the selling price, on a barrel basis. Source channels tv. Details later |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by nedu86(m): 11:03am On Jan 18, 2016 |
Recession |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by NavierStokes(m): 11:07am On Jan 18, 2016 |
nedu86: Bad but spells a silver lining at the same time 1 Like |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by wirinet(m): 11:09am On Jan 18, 2016 |
It does not make economic sense to produce oil at $28 per barrel and sell at the same $28 or even $30. If oil slide lower than $30per barrel it would be stupid to continue production 1 Like |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by seunmsg(m): 11:10am On Jan 18, 2016 |
OPEC really needs to cut members production quotas to stabilise the price a little. At the rate the crude oil price is falling, shutting down some oil wells will be inevitable. It doesn't make any business sense to continue to produce at a loss and we are gradually approaching that level. 1 Like |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by Ugonnax: 11:13am On Jan 18, 2016 |
The separation of Nigeria is imminent I tell you. THE DAY OIL IS FINISHED OR LOST ITS FINANCIAL VALUE, THAT'S THE END OF NIGERIA. |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by NavierStokes(m): 11:34am On Jan 18, 2016 |
Shutting down production will likely be across board, save for the very low cost producers. This event will make the oil find a bottom faster, which implies that the much anticipated rebound is closer. |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by Slikbae: 11:42am On Jan 18, 2016 |
beautiful |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by Ijaya123: 12:34pm On Jan 18, 2016 |
In essence, Tompolo & co are just in a futile exercise. 2 Likes |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by NavierStokes(m): 12:46pm On Jan 18, 2016 |
Ijaya123: Lol |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by pat077: 1:16pm On Jan 18, 2016 |
we're fast approaching d era where water will b cheaper than dan oil. |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by NavierStokes(m): 1:27pm On Jan 18, 2016 |
pat077: Nope bro, rather a spike will be experienced. |
Re: Nigeria To Shut Down Oil Fields Amidst Low Oil Prices by MXrep: 3:00pm On Jan 18, 2016 |
dont mess with America's prediction |
(1) (Reply)
"Tompolo Had The Support Of Goodluck Jonathan" - Ijaw Elders To Buhari / Message To The Igalas / Apc's Ortom Building Private University
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |