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Nairaland Forum / Nairaland / General / Business / OPEC+ Announces Cut In Oil Production (28903 Views)
OPEC: Nigeria Regains Africa Top Spot As Oil Production Rises By 47,000 BPD / Oil Production: $4 Per Barrel In Saudi Arabia, $3 In Russia, $21.2 In Nigeria / Donald Trump Set To Tackle Nigeria And Other OPEC Countries (2) (3) (4)
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OPEC+ Announces Cut In Oil Production by nlfpmod: 10:10pm On Apr 02, 2023 |
Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable. https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/ 7 Likes 4 Shares
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Re: OPEC+ Announces Cut In Oil Production by God1000(m): 10:11pm On Apr 02, 2023 |
I think Saudi Arabia and Russia are purposely doing this to spite Washington, Biden should withdraw all US troops from Saudi Arabia and place sanctions on them This is a political move 40 Likes 9 Shares |
Re: OPEC+ Announces Cut In Oil Production by christejames(m): 10:13pm On Apr 02, 2023 |
A relief for Nigerian 🇳🇬 government because they are not even meeting the quota alloted to them by OPEC... Useless government, always good at punishing the masses! 150 Likes 12 Shares |
Re: OPEC+ Announces Cut In Oil Production by KOLLYPROF(m): 10:13pm On Apr 02, 2023 |
W |
Re: OPEC+ Announces Cut In Oil Production by opalu: 10:14pm On Apr 02, 2023 |
Ok |
Re: OPEC+ Announces Cut In Oil Production by atheistandproud(m): 10:14pm On Apr 02, 2023 |
Lol More suffering loading More money for these criminals to steal 7 Likes |
Re: OPEC+ Announces Cut In Oil Production by ecolime(m): 10:14pm On Apr 02, 2023 |
Whether they reduce or increase quota, nothing dey favour an unserious nation like Nigeria. Our biggest problem is not having functional refinery. Dangote refinery that they are waiting for doesn't want to commence production until subsidy is removed so he can cash out more. 98 Likes 9 Shares |
Re: OPEC+ Announces Cut In Oil Production by kayjay69(m): 10:14pm On Apr 02, 2023 |
$urpri$£ $urpri$€. 1 Like 4 Shares |
Re: OPEC+ Announces Cut In Oil Production by Ireportlive: 10:14pm On Apr 02, 2023 |
What will Nigeria do with these new increase in oil price revenue, since we are stopping subsidy and Dangote Refinery starts soon Tinubu is about to become one of the most financially luckiest President after Yakub Gowon and Jonathan and he has experience as former ExxonMobil treasurer, *No more subsidy means keeping atleast $16 billion USD in our foreign reserves annually strenghtning Naira value This means Dollar to Naira might go back to atleast N350 to _$1 *Using Tompolo and Asari Dokubo as pipeline security, Nigeria might reach 2.3 million Barrels per day this multiplied by new global Oil price , oil royalty from NNPC is about to increase drastically with all arms of government FG State and LGA sharing larger FAAC allocation, Abia State, Kogi State and Benue State won't have a reason to owe workers . 102 Likes 7 Shares |
Re: OPEC+ Announces Cut In Oil Production by Lionstep: 10:14pm On Apr 02, 2023 |
Ok....how I wish oil can just dry up in Nigeria 13 Likes 4 Shares |
Re: OPEC+ Announces Cut In Oil Production by ThePolemicist: 10:15pm On Apr 02, 2023 |
It won’t translate to anything positive to the common man.. So who cares? 19 Likes 4 Shares |
Re: OPEC+ Announces Cut In Oil Production by zizoo36: 10:15pm On Apr 02, 2023 |
We the masses will be at the receiving end. 2 Likes |
Re: OPEC+ Announces Cut In Oil Production by padi94(m): 10:15pm On Apr 02, 2023 |
Nigeria that is not even meeting their quota on production... 6 Likes 1 Share |
Re: OPEC+ Announces Cut In Oil Production by xristos(m): 10:16pm On Apr 02, 2023 |
Ok |
Re: OPEC+ Announces Cut In Oil Production by Toneypen247(m): 10:16pm On Apr 02, 2023 |
Hmm |
Re: OPEC+ Announces Cut In Oil Production by Mercury12(m): 10:17pm On Apr 02, 2023 |
Okay nah 😂 Naija sef dey among OPEC nations nah. I like it when a bullet hits an enemy camp that had being firing nuclear nukes at us since 1960. The west should go and relax abeg The west had been ousted out of the top pyramid spot. 9 Likes 1 Share |
Re: OPEC+ Announces Cut In Oil Production by Nobody: 10:17pm On Apr 02, 2023 |
APC is bad for Nigeria |
Re: OPEC+ Announces Cut In Oil Production by SultanOfPuna: 10:17pm On Apr 02, 2023 |
Good |
Re: OPEC+ Announces Cut In Oil Production by rainmoredays: 10:17pm On Apr 02, 2023 |
I bet Buhari doesn't have a clue if the cut will affect Nigeria positively or negatively. . 17 Likes 3 Shares |
Re: OPEC+ Announces Cut In Oil Production by Jovial1: 10:18pm On Apr 02, 2023 |
Nonsense |
Re: OPEC+ Announces Cut In Oil Production by PAWG(m): 10:18pm On Apr 02, 2023 |
Make I no chook mouth for wetin I never fully understand 2 Likes |
Re: OPEC+ Announces Cut In Oil Production by owoshuyi(m): 10:18pm On Apr 02, 2023 |
Please what is the effect of this on the US Dollar $? Will the value reduce or increase? 1 Like |
Re: OPEC+ Announces Cut In Oil Production by KOLLYPROF(m): 10:19pm On Apr 02, 2023 |
That's a good move For those into forex trading, that's a good opportunity to buy 1 Like |
Re: OPEC+ Announces Cut In Oil Production by Lanretoye(m): 10:19pm On Apr 02, 2023 |
Q |
Re: OPEC+ Announces Cut In Oil Production by datola: 10:20pm On Apr 02, 2023 |
Hope this is not another wahala for Nigeria economy 1 Like |
Re: OPEC+ Announces Cut In Oil Production by Kayyus09(m): 10:20pm On Apr 02, 2023 |
How much is Nigeria cutting Contact me for Graphic design, wp Web Design, Doc editing, typesetting... at low cost. Also CAC Business Registration (Pre & Post), NAFDAC, DPR Permit, Trademark, Copyright, Patent, export license; we handle all with professionalism. 1 Like |
Re: OPEC+ Announces Cut In Oil Production by Dittodat: 10:21pm On Apr 02, 2023 |
YES DADDY A cut will bring higher prices which equals to the same income at the end of the day. 8 Likes 5 Shares |
Re: OPEC+ Announces Cut In Oil Production by Kayyus09(m): 10:21pm On Apr 02, 2023 |
KOLLYPROF: Or sell USD 1 Like |
Re: OPEC+ Announces Cut In Oil Production by Kayyus09(m): 10:23pm On Apr 02, 2023 |
owoshuyi: Will reduce further. But watch our for inflation data and interest rate speculations. 4 Likes 1 Share |
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