₦airaland Forum

MakindeHassan:
Some of you defend rubbish and that’s why God gave you APC.

Crude oil tankers take at least 3 months to arrive their destination so when the straight was closed and prices rose it was for new cargo and driven by futures contracts not already loaded cargo.

Dangote cannot say he didn’t have cargo that was already on sea which he bought at old price when prices rose but he chose to go with higher price due to future order. No wahala.

Using that logic, now that prices have fallen it is right to drop prices using today’s price regardless of when cargo was purchased since he increased regardless of when cargo was purchased

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