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Nairaland Forum / Nairaland / General / Politics / Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic (57316 Views)
Oil Price Wasn’t $100 Per Barrel From 1999 - 2019 As Buhari Said (Fact Check) / National Grid Collapses To 40mw Again / Oil Price Hits $90 Per Barrel For First Time Since 2014 (2) (3) (4)
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Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by X0012(m): 3:19pm On Apr 20, 2020 |
haywire07: |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Geoffreyken2000(m): 3:19pm On Apr 20, 2020 |
Oh my God! javascript:void(0); Now we really need a Joseph to interpret this our dream news. https://www.google.com/amp/s/www.channelstv.com/2020/04/20/oil-price-collapses-to-11-per-barrel-amid-covid-19-pandemic/amp/[/quote] |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by SocialJustice: 3:19pm On Apr 20, 2020 |
Kobicove:Which market share? Nobody is buying. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by nairaman66(m): 3:19pm On Apr 20, 2020 |
haywire07: Very good analysis! But we have a devil’s government! They won’t listen.. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by palsenator(m): 3:20pm On Apr 20, 2020 |
haywire07: Oil never went down to 11$ per barrel today. Haba |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Martinola(m): 3:20pm On Apr 20, 2020 |
But our useless govt still sell it for us at a high cost. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by AmTruth: 3:21pm On Apr 20, 2020 |
Good suggestion,I must say haywire07: |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by SocialJustice: 3:21pm On Apr 20, 2020 |
haywire07:Because their daily oil production is still lower than consumption. They import to meet consumption. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by DAVE5(m): 3:22pm On Apr 20, 2020 |
haywire07: Bros the current government would not allow what you suggest to happen, if Nigeria gets better there won't be a need for us to collect loans in future and therefore not enough avenue to steal free money nah Nigeria does not lack ideas on how to become a world giant, but it suffers because there's too much thieves that steal from the source Imagine your mum had 30 kids and she's cooking a pot of stew, meanwhile 25 out of the 30 kids decide steal from the pot and even steal the ingredients for the rice without waiting for it to be cooked, abeg wetin go remain for the 5 children 5 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Osidazz19: 3:23pm On Apr 20, 2020 |
fulaniHERDSman: Delusional ranting of an ipob retarded brainwashed Biafuro monkey. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by AmTruth: 3:23pm On Apr 20, 2020 |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Angelfrost(m): 3:24pm On Apr 20, 2020 |
gypsey: Well, the liquid gold has finally outlived its global usefulness!!! Time to finally put it out of use!!! While wise oil producing nations looked into the future, saw this inevitable depreciation in the value of crude oil, and started making economic inroads into other cash cows like wildlife, tourism, etc, while saving massively for the future, a certain third world nation's leaders spent decades cashing out and plundering oil revenues... Now, the chicken has come home to roost... The giant is about to dance the despicable and unenviable dance of shame!!! Tueh!!! 6 Likes 2 Shares |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by fulaniHERDSman(m): 3:24pm On Apr 20, 2020 |
Osidazz19:Hahahaha. Extreme paining! 1 Like |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by aladeokin1000(m): 3:25pm On Apr 20, 2020 |
All Oil producing nations should buckle up |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by SocialJustice: 3:26pm On Apr 20, 2020 |
JakeSully:Nigeria's crude is not pegged to WTI but Brent. Brent is still $26, you didn't read, you just rushed to upload picture. 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by ChristianNorth: 3:27pm On Apr 20, 2020 |
AmTruth:BMC zone b, well done 2 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by haywire07(m): 3:28pm On Apr 20, 2020 |
Kobicove:I get you but I didn't say stop supplies completely ... I said said they should not supply in full capacity Even if the shares drop, with faith , this pandemic will end and prices will appreciate ones again. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:28pm On Apr 20, 2020 |
Fuel pump price right now should be N40/litre. They can talk under Jonathan, they can't talk now. 5 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Izigha(m): 3:29pm On Apr 20, 2020 |
blingmoney01: Are you sure? Have you been to Niger Republic, or Malawi. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:30pm On Apr 20, 2020 |
Angelfrost:Absolutely! correct! 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Hanonimos(f): 3:30pm On Apr 20, 2020 |
Local girl is tired |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:30pm On Apr 20, 2020 |
Boooohari don't mind them joor. Keep looking for oil in the Sahel jari. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by DAVE5(m): 3:31pm On Apr 20, 2020 |
Angelfrost: The vvips we have in the certain third world bleeped up country would still find a way to sell the oil even at 1kobo per barrel to ensure he sees something to steal and plunder We have kleptomaniacs ruling us 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Superjazz: 3:32pm On Apr 20, 2020 |
haywire07:In nigerriya intelligent people are not needed thank you |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by niyogeol(m): 3:32pm On Apr 20, 2020 |
Corporate2020:When you make assumptions like this without technical knowledge is frightening. Oil will still power the world for more decades. More so, gas is the future. The electricity to charge the cars will be mainly derived from gas fired power plants. Oil is not only used in transportation; it is used in production of other essential materials that drives the world. America, Australia, UK, Norway etc are investing heavily in exploration of oil and gas. Although Covid-19 has led many oil majors to stall projects for now, but things will definitely pick again. Make no mistake that I am supporting the inability of the Nigeria Government to diversify the Nigeria Economy away from oil. It is really despicable. Our leaders only tend to talk about diversification when oil prices are low and go to business as usual when things ramp up again. 3 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by deenee: 3:34pm On Apr 20, 2020 |
haywire07: Govt should just hands out completely otherwise its just going to be another vicious cycle all over again. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Superjazz: 3:34pm On Apr 20, 2020 |
Osidazz19:Zombie spotted..... 2 Likes 3 Shares |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Switruth: 3:34pm On Apr 20, 2020 |
To the ordinary Nigerian there is no difference between now and then. Truth be told. 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Angelfrost(m): 3:37pm On Apr 20, 2020 |
DAVE5: Well, those kleptomaniacs can rejoice now... They have finally cleaned out the nation. They have just doomed the future of generations yet unborn!!! Pity!!! 1 Like |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by haywire07(m): 3:39pm On Apr 20, 2020 |
nedekid: Diversification is not a question of today. It has been there for up to 30 years ago when Oil took over. Right now, I mean during this corona crisis, we cannot diversify. We should only be looking forward to sustaining ourselves first. Exportation has been halted since the borders are closed. But what about after the pandemic period? 1.We have former Niger Delta militants who were sent to learn production in China. There are so many university scholars who were granted scholarships to study abroad. E.t.c Bring them home. Set up a conducive teaching and production environment. 2.Invest more in agriculture. Continue the ban of rice , chicken and other foods. 3. Encourage SME 4. We don't have to keep exporting our minerals to China. China would mine our metal family here, export to China, build cars and other technologies and sell back to us 200% E.T. C.. All these might not make up the gains from oil, but it is necessary incase situations like this arise. 4 Likes |
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