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Nairaland Forum / Nairaland / General / Business / World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel (7887 Views)
Oil Price Hits $50 Per Barrel / Fidelity Bank Raises International Spend Limit On Naira Cards / Oil Price Rises Above $40 Per Barrel, OPEC mend Fences. (2) (3) (4)
World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by simtosul: 6:31am On Apr 27, 2016 |
Fresh hope of a quicker recovery is on the horizon for cash-strapped Nigeria as the World Bank has raised its 2016 oil price forecast up from the previous level of $37 per barrel to a new height of $41. www.guardian.ng/news/world-bank-raises-2016-oil-price-forecast-to-41-per-barrel/ 2 Likes
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Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by seunmsg(m): 6:37am On Apr 27, 2016 |
So, where are the critics who told us that the $38 crude oil benchmark for the 2016 budget is unrealistic? 12 Likes 3 Shares |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by patchsk(f): 6:39am On Apr 27, 2016 |
The fool called Buhari should resign now! 3 Likes 3 Shares |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by modath(f): 6:46am On Apr 27, 2016 |
seunmsg: You mean the Pseudo Economist cum evil minded fellows? Have no fear, they will soon crawl out of their holes to spew the usual "Rants from a Traumatized soul" Some even rejoiced when some "analysts" predicted sub 20$..... Hopefully, this won't make the government diversification plan a nullity, they shouldn't get lazy, the journey is long & treacherous!! One other thing is that this increase will come with the usual problem ; imported refined products price will increase as well!!! Double edged sword indeed!! 13 Likes 2 Shares |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by malton: 6:50am On Apr 27, 2016 |
patchsk: Because? Like I said on another thread, you people don't yet seem ready to accept a more progressive agenda. You're opposed to truly progressive ideals, yet expect miracles. I'm sure this news is like a dagger pierced right through your heart! How could a revered institution like the world bank see light on the horizon for Nigeria in a Buhari regime? That's what you're thinking, yeah? Na unna go tire! 30 Likes 4 Shares |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by princemillla(m): 7:30am On Apr 27, 2016 |
modath: Sis have we enjoyed the reduction in refined products? Even wen it was down to about 40 usd or so then, we were supposed to be buying at a lower price around 60 naira or 54naira instead it was plunge to 86 naira. So, if crude eventually goes up and refined product got hiked, there is no difference 2 Likes 1 Share |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by DrayZee: 7:34am On Apr 27, 2016 |
Ok. Good. We'll see what becomes of it. Though, Nigeria has been shown to suffer from a "resource curse" which is the abundance of natural resources which fuels official corruption resulting in a violent competition for the resource by the citizens of the nation. Research by the World Bank has shown that the percentage of energy revenues from exports which goes to the government benefits only 1% of the population. Just 1%. Imagine what Nigeria could have achieved by now without corruption. I saw somewhere that Nigeria has lots of mineral resources in the Northern part of the country which remain unexplored. If we could go into mining of these minerals, another source of revenue would be created. 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by MIM77(m): 8:19am On Apr 27, 2016 |
princemillla:40 dollars not naira. 2 Likes |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by princemillla(m): 8:23am On Apr 27, 2016 |
MIM77: Thanks 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by MadCow1: 8:52am On Apr 27, 2016 |
By Close of the Year, Oil prices will hit 75 USD per barrel. 5 Likes |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by pat077: 8:54am On Apr 27, 2016 |
We are watching. |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Metropilla: 8:54am On Apr 27, 2016 |
Nice development |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by cutetopsey(f): 8:55am On Apr 27, 2016 |
Good news! This is cool 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by tola9ja: 8:55am On Apr 27, 2016 |
SEE KEMI TEETH |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by mekanaky: 8:56am On Apr 27, 2016 |
I am grieved. |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by modath(f): 8:56am On Apr 27, 2016 |
princemillla: Nigeria is a peculiar place, as long as we import petrol & half still gets diverted, we'll continue in the vicious circle.. 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by misterchris(m): 8:59am On Apr 27, 2016 |
K |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by watchindelta(m): 9:00am On Apr 27, 2016 |
only oil oil oil dey make country happy taaai 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by ace05(m): 9:01am On Apr 27, 2016 |
I take it that Mr. President doesn't need loans anymore ,right? Of course he does. He knows everything and is "very dynamic" We are in trouble in this country, vision-less leaders, scared electorate, immature youth. It's a big joke. Shalom. 1 Like |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by jeffooh999(m): 9:01am On Apr 27, 2016 |
Those it put food in my table no! |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Nobody: 9:01am On Apr 27, 2016 |
Some people called this government names wen it refused to lower its budget benchmark for crude. Now World Bank is raising it's forecast. 2 Likes |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by NavierStokes(m): 9:03am On Apr 27, 2016 |
seunmsg: My friend, what has production been this year as against the benchmark? People made unrealistic projections and you are standing up in defence. There is a reason it was called unrealistic, not because an average of $38 isn't achievable but because considering current realities the projected revenue is largely wishful thinking. We criticize based on the bigger picture and the macroeconomy, rather than on specific price of crude. |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Dottore: 9:05am On Apr 27, 2016 |
Ok |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Deen77: 9:06am On Apr 27, 2016 |
modath: We have to stop importing fuel, how can we be importing petroleum products an essential commodities for God sake, we have crude only to refine locally. Why why why importing wasting our forex and subsidies payment, this is why PDP failed. 2 Likes 1 Share |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Diidi(f): 9:06am On Apr 27, 2016 |
Every sector with their own issue. |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by kolnel: 9:06am On Apr 27, 2016 |
Nice development May everything work for our good in this country Naija needs a turn around |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by ThePlumbers(m): 9:07am On Apr 27, 2016 |
Well, nice. *Runs back to my plumbing work*...... "Heey, you, where is my wrench" |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by adezjamz(m): 9:08am On Apr 27, 2016 |
. |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Mendelssohn(m): 9:09am On Apr 27, 2016 |
patchsk: Please kindly confirm that statement was written by a right thinking human being and not a primitive animal. Must you comment when you have nothing to say? People like you make me fear what becomes of the coming generation with the way you react to issues like someone quarantined from rational thinking. 2 Likes |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by shaddoww: 9:09am On Apr 27, 2016 |
They are just pushing us here n there |
Re: World Bank Raises 2016 Oil Price Forecast To $41 Per Barrel by Mendelssohn(m): 9:10am On Apr 27, 2016 |
patchsk: Please kindly confirm that statement was written by a right thinking human being and not a primitive animal. Must you comment when you have nothing to say? People like you make me fear what becomes of the coming generation with the way you react to issues like someone quarantined from rational thinking. 2 Likes |
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