₦airaland Forum

imhotep:
May it fall to 200 naira per barrel IJN

Please, I don't mean the price of groundnut oil but crude oil

Oil’s Drop Below $50 May Be Just the Start as Demand Swoons
U.S. refineries, which turned a record amount of crude into gasoline during July, typically slow down from August through October
by Dan Murtaugh
August 3, 2015 — 1:53 PM EDT

Why Oil Prices Aren't Too Slick These Days
Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn swoon.
Brent crude tumbled below $50 on Monday for the first time since January. Gasoline fell the most in almost three years.
The slump may have further to go. U.S. refineries, which turned a record amount of crude into gasoline during July, typically slow down from August through October for maintenance.

“We still have a lot of global oversupply,” Michael Wittner, head of oil-market research at Société Générale in New York, said on Bloomberg TV Monday. “We’re getting close to the autumn, [when] demand for crude and products hits a seasonal low point, so it’s hard to see where the uplift is going to come from.”
Also, demand for gasoline typically eases after summer as the seasonal workforce shrinks and families stop vacationing.

Hedge funds are growing more pessimistic. Money managers cut bets on rising Brent prices last week by the most in more than a year and are the least bullish on U.S. crude since 2010.



http://www.bloomberg.com/news/articles/2015-08-03/oil-s-drop-below-50-may-be-just-the-start-as-demand-swoons

Trailblazer1 reporting for bloomberg

Buchukwu:
Guy get a life, we already know and everybody knows. Every politician in Nigeria is corrupt. Stop complaining, For your Info i hate pdp and apc, I'm neutral

@ the enboldened,
Nairalanders, what's your take on this?
Cc: beremx, Ngeneukwunu, passingshot, omenka and the boss BARCANISTA

ECOTERRORS:
Our Tourist DAFTUS at his best again.

At the rate this dullard is touring the world, he will soon set a new Guinness world record

This time around he should not only go with his son but he should take his cows along too.

Dullard president

Obiagelli:
Exactly, the President should also watch his speeches.

PassingShot:
Let the presidency apologize for the unfortunate statement and move on. Simple.

Unfortunate fellows

Kindly read this

ECOTERRORS:
We ve gotten the message from DAFTUS so all this damage control iS not helping in any way

When we called buhari a dullard, you cried.
We called him a bigot, you wailed.

Now he wants to do divide and rule
FYI, buhari is worse than a dullard

omenka:
Wow!! Metro naija themselves confirmed for themselves the meeting was deadlocked!! Not even a single quote even from an "unnamed source".

This is worse than bear parlour gossip.

To help your cause, I will simply change the source from Metronaija to Sahara reporters to satisfy your delusional mind.

We are in the era of lies, let the lies continue

When was it captured before the recapture?

Can't these boys wait for baba to come back before they continue their bombings

They should not worry, baba will soon renew his vow once he comes back

olatunji21:
SaharaReporter pls leave our Ordinary Senate President alone ooo....Make una no Kill am

So you are still pained that he called Prof. Yemi Osinbajo a "mere commisioner"

If not for the magnanimity of Tinubu, Prof. Yemi Osinbajo will even find it difficult to become a commisioner in Lagos State talk more of being a Governor of a state like saraki.

FYI, Osinbajo is not the only professor in Nigeria.

Sen. Bukola saraki is And will be our senate president for the next four years.

Since the aim of Sahara reporters is clearly to do the bidding of Tinubu through cheap blackmails of the senate president.

Let it now be known to whom it may concern that even if Sahara reporter shows us a picture of a CBN branch in saraki's backyard we will not believe and from now henceforth all the stories written by Sahara reporters against saraki is a story for the gods

Like seriously

[b] some are saying it is too early to criticise the buhari administration

and i say - it is too early to start badly - it is too early for naira to drop against the dollar - it is too early for fuel queues to resurface - it is too early to be fighting in nass over positions and not service - it is too early for all this in party feud that is causing distractions from real governance-it is too early for all this contradictory press releases-it is too early for all this excuses like age will limit my ability- it is too early to have appointed 14 northerners out of 15 appointments-it is too early to be a sole administrator-it is too early to remove military checkpoints-it is too early to have released over 180 bokoharam members-it is too early to be talking about negotiating with bokoharam- it is too early for almost a daily bombing of innocent nigerians - it is too early for about 600 people to have died of bomb blast within a month - it is too early to lie about an empty treasury - it is too early to give billions to those who used state funds to sponsor your campaign -it is too early to have spent over a trillion from an empty treasury without appropriation- it is too early for the price of food stuff that were ever stable even during festive season under the past administratn to just escalate in price -
Some people say Rome was not built in a day.but building rome started in a day.or can rome be built if building rome was never started.[/b]

Trailblazer1