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Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile - Business (2) - Nairaland

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Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by PrecisionFx(m): 8:37am On Oct 29, 2017
froz:
Oil prices to average $56 a barrel in 2018, up from 2017 average of $53/bbl

Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday.

Prices for energy commodities – which include oil, natural gas, and coal — are forecast to climb 4 percent in 2018 after a 28 percent leap this year, the World Bank said in its October Commodity Markets Outlook. The metals index is expected to stabilize in the coming year, after a 22 percent jump this year as a correction in iron ore prices is offset by increased prices in other base metals. Prices for agricultural commodities, including food commodities and raw materials, are anticipated to recede modestly in 2017 and edge up next year.

“Energy prices are recovering in response to steady demand and falling stocks, but much depends on whether oil producers seek to extend production cuts,” said John Baffes, Senior Economist and lead author of the Commodity Markets Outlook. “Developments in China will play an important role in the price trajectory for metals.”

The oil price forecast is a small downward revision from the April outlook and is subject to risks. Supplies from producers such as Libya, Nigeria, and Venezuela could be volatile. Members of the Organization of the Petroleum Exporting Countries (OPEC) and other producers could agree to cut production further, maintaining upward pressure on prices.

However, failure to renew the agreement could drive prices down, as could increased production from the U.S. shale oil industry. Natural gas prices are expected to rise 3 percent in 2018, while coal prices are seen retreating following a climb of nearly 30 percent in 2017. China’s environmental policies are anticipated to be a key factor determining future trends in coal markets.

Iron ore prices are forecast to tumble 10 percent in the coming year but tight supply should push up prices for base metals including lead, nickel and zinc.  Downside risks to the forecast include slower-than-anticipated demand from China, or an easing of production restrictions on China’s heavy industries.

Gold prices are anticipated to ease next year on expectations of higher U.S. interest rates.

Agriculture prices are expected to edge up in 2018 due to reduced supplies, with grain and oils and meals prices rising marginally. Agricultural commodities markets are well-supplied and the stocks-to-use ratios (a measure of how well supplied markets are) of some grains are forecast to be at multi-year highs.

However, favorable weather patterns, well-supplied global food markets, and relatively low world prices do not necessarily imply ample food availability everywhere. Drought conditions that are by some accounts the worst in 60 years, have caused crops failures in parts of Ethiopia, Somalia and Kenya and led to severe food shortages. Conflicts in South Sudan, Yemen and Nigeria have driven millions of people from their homes and left millions more in need of emergency food.

The World Bank’s Commodity Markets Outlook provides detailed market analysis for major commodity groups, including energy, metals, agriculture, precious metals, and fertilizers. The report includes price forecasts to 2030 for more than 45 commodities. It also provides historical price data and supply, demand, and trade balances for most commodities.

SOURCE: https://brandspurng.com/commodity-prices-likely-to-rise-further-in-2018-oil-supply-from-nigeria-could-be-volatile-world-bank/


Nigeria is useless.
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by omoelerin1: 8:38am On Oct 29, 2017
biacan:
Buhari these wasn't what you and your ministers promise us
I will advice you to shun laziness and try as much as possible to be reading, not only just the headline, so that your comments will be relevant with the issues of discussion, above all, your grammar can be improved.

2 Likes 1 Share

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by Hoduwahishape: 8:51am On Oct 29, 2017
phreakabit:
Recession part 2


Bros abeg, shey na broom dey him back so?

1 Like

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by bidierichie: 9:05am On Oct 29, 2017
I think its better for us so that our government head will come correct, because its like vision and forecasting has elude them. Im loving it
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by GavelSlam: 9:31am On Oct 29, 2017
Too many uneducated people on this forum and it's extremely sad they are the ones who rush to comment.

Even what is evidently good news, one has turned to bad, screaming "recession loading".

The good news is that the price of oil is expected to rise in 2018 as already witnessed at the tail end of this year already.

The skeptical outlook is whether Nigeria can sustain its output either by production or fulfilment of OPEC's quota which could be reviewed downwards for the country.

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by GavelSlam: 9:42am On Oct 29, 2017
oka4ugoo:
Not again...

I dey plan to settle down next year but with this kind news, na vision 2020 e go be now, when the economy is assured.

Somebody should just give Jubrin a bucket to kick.

Please what's bad about the news you read?
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by GavelSlam: 9:44am On Oct 29, 2017
bidierichie:
I think its better for us so that our government head will come correct, because its like vision and forecasting has elude them. Im loving it

This one would say he's a graduate.

1 Like

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by ENG1110: 10:16am On Oct 29, 2017
GavelSlam:
Too many uneducated people on this forum and it's extremely sad they are the ones who rush to comment.

Even what is evidently good news, one has turned to bad, screaming "recession loading".

The good news is that the price of oil is expected to rise in 2018 as already witnessed at the tail end of this year already.

The skeptical outlook is whether Nigeria can sustain its output either by production or fulfilment of OPEC's quota which could be reviewed downwards for the country.


The first page is an embarrassment to Nigeria's education. Look at the first comment with 8 likes. Nobody reads the content again, just the topic. Such a big shame.

1 Like 1 Share

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by GavelSlam: 10:43am On Oct 29, 2017
ENG1110:


The first page is an embarrassment to Nigeria's education. Look at the first comment with 8 likes. Nobody reads the content again, just the topic. Such a big shame.

Well we can now see the quality of people we have in the country.

And these are meant to be the educated ones.

Same people would complain if denied employment based on their inability to comprehend the most basic of things.

1 Like

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by bidierichie: 12:30pm On Oct 29, 2017
GavelSlam:


This one would say he's a graduate.


Imagine toad speaking about graduate. I guess you need brain surgery to reason well.

You cant look beyond what you see. You need help sir
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by GavelSlam: 12:36pm On Oct 29, 2017
bidierichie:



Imagine toad speaking about graduate. I guess you need brain surgery to reason well.

You cant look beyond what you see. You need help sir

I can categorically conclude you are a near-illiterate and highly parochial.

How can you see cautionary good news as bad, if you are not an illiterate?

Clearly written, next year should see higher costs in commodities but I'm sure you think it means price of garri and okporoko.

Illiterate.

1 Like

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by ENG1110: 12:46pm On Oct 29, 2017
bidierichie:



Imagine toad speaking about graduate. I guess you need brain surgery to reason well.

You cant look beyond what you see. You need help sir

And you keep proving him right

1 Like 1 Share

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by bidierichie: 12:53pm On Oct 29, 2017
GavelSlam:


I can categorically conclude you are a near-illiterate and highly parochial.

How can you see cautionary good news as bad, if you are not an illiterate?

Clearly written, next year should see higher costs in commodities but I'm sure you think it means price of garri and okporoko.

Illiterate.


I can see your problem "you have problem with reasoning and you cant think far" How could you (so called graduate) be jubilating over unsteady oil price that has no impact on your life! Well, I do not need to answer someone that is living in the wood and dining with the dead.
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by adjoviomole(m): 1:05pm On Oct 29, 2017
hola106:
I need people we can go into project together



What kinda project are you looking for or have on ground?
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by oka4ugoo: 1:44pm On Oct 29, 2017
GavelSlam:


Please what's bad about the news you read?

If you ask me na who I go ask?

Ok @ op abeg what's bad abt the news you posted?
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by Nobody: 3:37pm On Oct 29, 2017
APC zombies and Buhari's corrupt sycophants will soon blame it on PDP and Jonathan's administration.


The solution to this warning is to votes out this corrupt APC and Buhari's government of corrupt cabals comes 2019.


Even if the oil production is rise to 200 bp, will it stop Buhari and his corrupt government cabals from seeking abroad medical care and overseas services for their families left Nigeria sectors for rodents

Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by valentineuwakwe(m): 4:51pm On Oct 29, 2017
in my country it will have no significance to market value or the people human development index. . .besides even if oil price reach $100 again come 2018, the nigerian govt will always have an excuse to tell the nigerian people. . .my own be say make our leaders pity for us. .

www.valentine202.com
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by hola106(m): 5:21pm On Oct 29, 2017
adjoviomole:




What kinda project are you looking for or have on ground?
chat me on whatsapp
Re: Commodity Prices To Rise In 2018; Oil Supply From Nigeria Could Be Volatile by adjoviomole(m): 11:49pm On Oct 30, 2017
hola106:
chat me on whatsapp


Your number. Here is mine 08154128346

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