Eemo wolu, countries that import oil be like

Things are going from bad to worse

Bad

E don hapun

Lobatan

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Then FG should slash further the prices of petrol/AGO and kerosene.

haaa!! This is serious o.

Igbo Amaka best news ever i wish the prices will crash to 5 Dollars God is Great

Nobody should worry, it will rise again and Nairalanders will jubilate without knowing how or why. It won’t mean anything to the layman apart from excuses the government will continually use to explain why poverty will bite harder than usual.

Upon the cuts agreed on by Saudi and Russia, the price of crude is still falling.

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

If you stop supplies you loose your market share

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

Nigeria depends on oil sales for survival.

It is finished

It has gone down further.

haywire07:


https://www.google.com/amp/s/www.channelstv.com/2020/04/20/oil-price-collapses-to-11-per-barrel-amid-covid-19-pandemic/amp/

Naija my country....

I dey knee down dey beg Buhari make any of his lineages no come rule this country again...this suffering is too much. Can you imagine.

How would you just want to grab power without no adequate vision for the country...
Nigeria no be just a family, it comprises of more than 300 ethnic groups

The future is bleak

O set ti e. O set ti ko

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

You don't understand the news.

Them. Say oyel no get value again

The demand is at 11 dols per barrel.

Almost triple what it cost a Nigeria to produce a barrel.

How can u continue producing at triple loss? More so, when there are no more demands?

we have already diversify so no cause for alarm.
we will sell rice and cattle to the west to raise funds

Diversify economy, una say no. Soon Nigeria the cost of producing oil will be higher than market price.

Church agba sa na

Sad

Izigha:
Channel should not cause unnecessary public panic. the $11 a barrel price is for US west Texas Intermediate. Nigeria oil is the world bench mark called Brent Crude is trading at $26 now.
It very worrying even at $26, Nigeria is in for a long and ugly ride

used to think like this then BOOM it hit me, if there is no demand for a product then the price whether it be $0 or $1000 would be meaningless, the only thing saving Nigeria may be demand for oil in Nigeria and very few other countries probably in Africa and Asia.

haywire07:


https://www.google.com/amp/s/www.channelstv.com/2020/04/20/oil-price-collapses-to-11-per-barrel-amid-covid-19-pandemic/amp/

Wetin concern me?..

Oil wey be national cake for Nigerians na only dem go still sell am still loot the money again put for personal offshore accounts..


Make dem suffer their suffer. If possible make e be 10cent sef..

God Almighty please forgive us all our sins... crude oil is why Nigeria even exist.

Time to look for a good broker, buy alot of oil and set my stop loss and take profit.

Corporate2020:


Save oil till later? Europe, America, Australia and Asia are moving to electric cars, that means very soon [/b]car manufacturers will stop producing petrol and diesel cars. Countries are also moving to alternate power supply including [b]solar and wind. So, when is the later day that oil price will go up? When Jesus comes?

Very soon can mean a century.

Solar and winds are pipe dreams used to cajole people that are not familiar with the industry.
The only real alternative to oil is nuclear which the "green" environmentalist hate.
People will eventually see through the parasitic subsidy being used to prop up the failing industry
and call for accountability.

Oil price will definitely go up.
The majority of the world's power still depends on oil.

Am not moved at all, countries without oyel are doing better than us

Make we kuku day share am free na

Izigha:
Channel should not cause unnecessary public panic. the $11 a barrel price is for US west Texas Intermediate. Nigeria oil is the world bench mark called Brent Crude is trading at $26 now.
It very worrying even at $26, Nigeria is in for a long and ugly ride

With all your unsold cargoes.?...pally, forget oil, this is just the stutter of a dying engine.