₦airaland Forum

Oil price is shooting up in the international market following the crisis between Iraq and the Kurds over the possession of an oil field.

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and a third above mid-year levels.

U.S. West Texas Intermediate (WTI) crude futures were at 52.08 dollars per barrel, up 20 cents, or 0.4 per cent and almost a quarter above mid-June levels. Traders said that prices were pushed up by a drop in U.S. crude inventories as well as concerns that fighting in Iraq and mounting tensions between the United States and Iran could affect supplies.

U.S. crude inventories fell by 7.1 million barrels in the week to Oct. 13 to 461.4 million barrels, the American Petroleum Institute (API) said late on Tuesday. Official U.S. fuel inventory data is due to be published later on Wednesday by the Energy Information Administration.

Read interesting details here: http://www.nigerianslifestyle.com/2017/10/oil-price-rises-towards-59.html?m=0

Thank God

Buhari will now deliver without borrowing

NigerDeltan:
Thank God

Buhari will now deliver without borrowing

That's what is expected of him tho'

MyNewJackeT:
before you start rejoicing note that our biggest buyer just dumped us

https://www.vanguardngr.com/2017/08/india-considers-dumping-nigerias-oil-us-crude/?_e_pi_=7%2CPAGE_ID10%2C5075979580

Even if USA does not dump Nigeria now, the world's vision 2020 will, by 2020 most advanced / developed countries will stop production of hydrocarbon fuel cars, they are all going green which means electricity powered vehicles, solar vehicles, all those noiseless, smokeless, soundless cars will be in vogue


I suggest we save whatever we can from aggressive sales in order to invest in other sectors otherwise


Hungry never start