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Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. - Business (3) - Nairaland

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Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Nobody: 9:50am On Mar 18, 2016
ollah1:



Only in Nigeria

Literally, that is true.

Russia needs oil to be at $99 and Saudi $80 to be ''safe'' financially speaking.

And I doubt oil would be that high. Everyone is producing oil now.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Inspectahdeck(m): 9:55am On Mar 18, 2016
Hmmmm

From your comment you just justified Burahi's effort to increase oil price. Let me quote you " reduce supply and price goes up" this was the reason Burahi travelled to the middle east to seek support to reduce production and supply.

Please give credit to who deserve same. It will take nothing from you and your ego.



chally02:


What's this one saying, oil price is determined by forces of demand and supply, its simply economics principle, reduce supply and price goes up, its nt the effort of one man.

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by odehman: 9:55am On Mar 18, 2016
Quakertellicus1:
Do not rejoice.

Infact, I am hoping that oil would go down to $10 dollars per barrel so that we can finally go the way of serious nations and industrialize...producing goods for export whose prices we can control.

Sorry....but this is BAD news for me. We can no longer remain oil dependent. The experiences of the last 18 months should have taught us that lesson.
baba i swear i feel you die

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by odehman: 9:58am On Mar 18, 2016
Bawizzie:
Baba keep on travelling, e de finally yield result!
boss you funny die
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by yaki84: 10:04am On Mar 18, 2016
Ijaya123:
The president's foreign trips having effects already.




the current price increase is not from buhari's foreign trips abeg, dey listen to cnn news n hear what caused it.
its been cause by issues currently in saudi arabia. its like there was an explosion in their facilities so that lead to no production from their end.
so its not because of buhari's foreign trips unless na bubu send him boys make dem go blow saudi oil facilities.

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Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by yaki84: 10:10am On Mar 18, 2016
goodlifehyd:
While PMB was visiting the OPEC countries some wailers were calling him names, but here they trying to paint the whole scenario another color.... una go get heart attack before PMB finish hin tenure



what opec is clamouring for in their next meeting is for freezing in oil production. it means the whole opec n non members must cut production atleast from 500,000 to 1million barrels a day. it is still not good for nigeria cos definitely the price will go up but our production a day will go down, n we will be making almost the same money we r making today where oil price is selling at 40 dolls or so.
the only people dat will benefit is d oil coys.

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Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by texazzpete(m): 10:12am On Mar 18, 2016
Gamesmart:


Is not the same TANoids who support the goat herder that thought 16 was greater than 19 for Amaechi's governor's forum election win? grin

My broda, na so I see am o.

As soon as maths is involved, TANoids start to convulse and spew out rubbish.

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Johnrake69: 10:33am On Mar 18, 2016
LeFreakSoChic:




Are you minding those bloody fools that think he's been travelling for fun?

Why that tone? Meanwhile you are wrong! Buhari’s tour has nothing to do with the recent development. You can knock yourself out with this article from Wall Street Journal.
http://www.wsj.com/articles/oil-prices-rise-on-producers-plan-to-discuss-output-limits-1458123308

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Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by wisest10: 10:36am On Mar 18, 2016
''due to the rise in benchmark of crude oil, we are not going to diversify d economy, instead we are going to invest and run d oil sector with intense management and no curoption, so dat d revenue can fund d agric sector, just lyk we did not pay our youth 5000 but invested d money,i know dat those that will complain are pdp loyalist,but those dat want to grow d country, support #change''--lia muhammed (although its not officialy out but i know it will soon b said)
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Tmoyo(m): 10:40am On Mar 18, 2016
Acidosis:
lol

Whether it rises to $100/barrel or not, this government doesn't even know what to do with $1000 per drop. They're just dumb.

They've all secured their children's employment for the next 35 years.

while;

The average graduates are expecting cooperative loans from their mom to start trade, pension from dad to open a barber shop so we can diversify the economy grin and grow naija cheesy
by the time ur brain start working, u must have sum up to 53yrs...all una sabi nah media lashing....sit there and be waiting for the govt...
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Ijaya123: 10:58am On Mar 18, 2016
yaki84:





the current price increase is not from buhari's foreign trips abeg, dey listen to cnn news n hear what caused it.
its been cause by issues currently in saudi arabia. its like there was an explosion in their facilities so that lead to no production from their end.
so its not because of buhari's foreign trips unless na bubu send him boys make dem go blow saudi oil facilities.

You're entitled to your selective opinion.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by gbrown(m): 11:00am On Mar 18, 2016
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Ephemmm: 11:08am On Mar 18, 2016
SeverusSnape:
Good news at last. Let it keep rising.

I won't be surprised if zombies attribute this to bubu.

Now APC has NO excuse of "dwindling oil price" as the cause of economic crisis.


Economic downfall was caused by PMB, but increase in oil price cannot be attributable to him: has wailing sent your logical common sense on strike?

Typical of TANoid: always ready to attribute bad news to PMB, but reverse is the case when it comes to good news.


Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by 3kay945(m): 11:12am On Mar 18, 2016
Acidosis:
lol

Whether it rises to $100/barrel or not, this government doesn't even know what to do with $1000 per drop. They're just dumb.

They've all secured their children's employment for the next 35 years.

while;

The average graduates are expecting cooperative loans from their mom to start trade, pension from dad to open a barber shop so we can diversify the economy grin and grow naija cheesy

Funny.... grin

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by yaki84: 11:15am On Mar 18, 2016
Ijaya123:

You're entitled to your selective opinion.


listen to world news not apc propaganda. what s selective abt wat I said?

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Mike008(m): 11:18am On Mar 18, 2016
Timoleon:
As good as the news might seem, as a country, we should redirect our focus, crude oil alone cannot sustain this country, we should diversify this economy now! having deposits of crude oil should be an added advantage not our alpha and omega.

If the budgeted revenue is not achieved, how can diversification be realized?
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Deen77: 11:20am On Mar 18, 2016
Acidosis:
lol

Whether it rises to $100/barrel or not, this government doesn't even know what to do with $1000 per drop. They're just dumb.

They've all secured their children's employment for the next 35 years.

while;

The average graduates are expecting cooperative loans from their mom to start trade, pension from dad to open a barber shop so we can diversify the economy grin and grow naija cheesy

Well better than IB, wait for $1000/ barrel then.

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Ijaya123: 11:39am On Mar 18, 2016
yaki84:




listen to world news not apc propaganda.
what s selective abt wat I said?

Do you even know the meaning of propaganda?
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by yaki84: 11:51am On Mar 18, 2016
Ijaya123:

Do you even know the meaning of propaganda?

no ooo, abeg what is the meaning?
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Zuula(m): 11:54am On Mar 18, 2016
One Zombie spotted!!!!!
Ijaya123:
The president's foreign trips having effects already.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Sweetlemon(f): 12:13pm On Mar 18, 2016
Acidosis:
lol

Whether it rises to $100/barrel or not, this government doesn't even know what to do with $1000 per drop. They're just dumb.

They've all secured their children's employment for the next 35 years.

while;

The average graduates are expecting cooperative loans from their mom to start trade, pension from dad to open a barber shop so we can diversify the economy grin and grow naija cheesy

And what did the past administration do when oil was $120
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Acidosis(m): 12:23pm On Mar 18, 2016
Sweetlemon:

And what did the past administration do when oil was $120
Do your research

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Ijaya123: 12:29pm On Mar 18, 2016
Zuula:
One Zombie spotted!!!!!

One Buffon seen.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Kingspin(m): 12:30pm On Mar 18, 2016
Our politicians smiling not the people.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Kingspin(m): 12:33pm On Mar 18, 2016
zuby4real10:
is now that that i have started seeing the benefits of buhari visiting OPEC countries. This man really get sense. God bless PMB. God bless Nigeria. God bless all nairalanders.
Make Una remove eye from oil yeeeeeeeeh. Find other things to do. This country and the useless leaders no dey hear?
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Timoleon(m): 12:34pm On Mar 18, 2016
Mike008:

If the budgeted revenue is not achieved, how can diversification be realized?
by directing expenditure to the right sectors and projects...
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Nobody: 12:45pm On Mar 18, 2016
rusher14:
My ideal sustained price would be something like $60 but $40 dollars would do just nicely for now.



Absolutely agree.
Under the last administration, and in spite of oil averaging $80, the effective revenue per barrel was just above $45 due to bunkering, outright theft and poor PSC structures.

1 Like

Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by deebrain(m): 3:46pm On Mar 18, 2016
Ijaya123:



The post speaks for itself, if you can assimilate it.



Zero marks.....



Try harder next time.


angry
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by Ijaya123: 4:19pm On Mar 18, 2016
deebrain:




Zero marks.....



Try harder next time.


angry

I see inability to comprehend here. Sorry I can't help your case.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by deebrain(m): 4:26pm On Mar 18, 2016
Ijaya123:


I see inability to comprehend here. Sorry I can't help your case.


Eyahh....True. I am blind and allergic to the crap of your initial post.

I cant comprehend the weight of a catastrophic thinking----that a particular country president's travels will do anything about oil prices.



I prefer those that can see properly to help me--its safer that way.


Thanks for the offer though.
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by abduljabbar4(m): 8:20pm On Mar 18, 2016
Naija9090:
LET ME CATCH THE APCIST THAT WILL STILL BLAME THE ECONOMY ON OIL PRICE!

Shut up joor, oil sold for 120/barrel under the ineffectual buffon
Re: Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. by olajizz01(m): 8:56am On Mar 19, 2016
Quakertellicus1:
Do not rejoice.

Infact, I am hoping that oil would go down to $10 dollars per barrel so that we can finally go the way of serious nations and industrialize...producing goods for export whose prices we can control.

Sorry....but this is BAD news for me. We can no longer remain oil dependent. The experiences of the last 18 months should have taught us that lesson.
But the poor bears the final brunt as a result of shortage of forex in the country,go and price goods in the market,there is 100percent increment in the price of goods in the market.

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