Stats: 3,190,702 members, 7,941,684 topics. Date: Friday, 06 September 2024 at 11:24 AM |
Nairaland Forum / Nairaland / General / Business / Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears (16098 Views)
Oil Prices Soar As OPEC+ Prepares To Cut Supplies / Oil Price Jumps As OPEC Keeps Output Steady, Hits Four year High / Oil Prices Fall As OPEC Plans To End Cuts – Oilprice Intelligence Report (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by sulaak(m): 7:49am On Mar 09, 2020 |
RaptObserver: The four garages are viable infrastructures and will require less than $400 million for rehabilitation but please use a spellchecker. |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Mykel51(m): 7:50am On Mar 09, 2020 |
Devaluation and Recession... |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by SenecaTheYonger: 7:50am On Mar 09, 2020 |
CanadaOrBust: Do you not know the meaning of plummet? |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Nobody: 7:50am On Mar 09, 2020 |
When the world is shifting from petroleum cow herder is busy sinking billions in the sahel looking for oil. Is bihari reading the news with understanding? Your guess is as good as mine. Next is that they will tell us that there is need for everyone to rear cow as oil price is crashing. Good morning doomed 9ja. 2 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by RapistOnBail: 7:51am On Mar 09, 2020 |
SenecaTheYonger:Have you heard something like " There's always an opportunity in disguise from every Bad Situation? " Good day! |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by SenecaTheYonger: 7:51am On Mar 09, 2020 |
RapistOnBail: Yeah, the mortuary business in the North must be booming right now. Such a morbid mindset. 3 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by dallyemmy: 7:53am On Mar 09, 2020 |
Wetin affect eyes affect nose wey make am comot water. We need to diversify our economy! |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by RapistOnBail: 7:55am On Mar 09, 2020 |
SenecaTheYonger: Wow! I thought I was Arguing with an intellect. Nairaland has been taken by Frustrated souls. Gadamit! |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by sulaak(m): 7:56am On Mar 09, 2020 |
georgeiyke009: If they don't have incoming funds, the government will be force to cut the cost of governance, all those loans to pay for luxury cars will have to be paid back. This is the best News for Nigerian, the oil well is dry, the government will now have to increase taxation and depend on the people instead of IOC. 1 Like |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by CanadaOrBust: 8:03am On Mar 09, 2020 |
SenecaTheYonger: No. Educate me |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by chosenwan1(m): 8:04am On Mar 09, 2020 |
loool, you have no idea. Those leaders do NOT care if a barrel sells for 1 dollar. You just don't understand how wicked those people are. sulaak: 3 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Nobody: 8:09am On Mar 09, 2020 |
CanadaOrBust: The U.S are not reliant on crude oil like nigeria. Their citizens n businesses will do well this period because the price of gasoline n diesel will fall heavily in America 5 Likes 1 Share |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by sulaak(m): 8:09am On Mar 09, 2020 |
chosenwan1: Chief, the oil money has been used to oppress Nigerian, at $30 per barrel Nigeria cannot sell oil as the cost of offshore and deepsea oil extraction is between $25-35 per barrel. The oil well is now dry, those wicked people will not even be able to raise a loan to buy luxury cars. 4 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by CanadaOrBust: 8:12am On Mar 09, 2020 |
Oracle23: Ignorance. It HURTS US economy! U can argue it hurts Nigerian economy more |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by feedthenation(m): 8:14am On Mar 09, 2020 |
Will this translate to reduce price at the pumps. Not a good thing for a mono-economy like Nigeria. 1 Like |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by RillJ(m): 8:20am On Mar 09, 2020 |
Sunnycliff: Whatever you want to do or say today, beware of tomorrow! |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Agboriotejoye(m): 8:20am On Mar 09, 2020 |
The minster of petroleum knows what to do ![]() |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by angelfallz(m): 8:22am On Mar 09, 2020 |
sulaak:i get you, but it is us the common people that would suffer before that blessing is realised. |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Nobody: 8:25am On Mar 09, 2020 |
hisgrace090: ![]() ![]() |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Nobody: 8:25am On Mar 09, 2020 |
sholatech: U mean nigeria or another country? |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Nobody: 8:29am On Mar 09, 2020 |
sulaak: As long as they don't force us to devalue our already shitty currency, then am game |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by femmy2010(m): 8:34am On Mar 09, 2020 |
sholatech: Our best bet is to have multiple functional refineries in the Country. Nigeria can be great if only we all can do our bit . |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by Blackking98(m): 8:34am On Mar 09, 2020 |
horsepower102:God bless u lol 2 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by InvertedHammer: 8:38am On Mar 09, 2020 |
CanadaOrBust:/ It has nothing to do with US. It is between Russia and Saudi Arabia. Russia didn't want to play ball at the last OPEC meeting and Saudi decided to give huge discount in prices. And here we are. US economy is not hugely tied to oil export like Russia and Saudi Arabia. A country like Nigeria is justa mere spectator. \ 2 Likes |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by 0m0nnakoda: 8:38am On Mar 09, 2020 |
SenecaTheYonger:How is it good for the US economy? |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by 0m0nnakoda: 8:42am On Mar 09, 2020 |
SpecialAgent:The currency will devalue. Our dollar denominated debt position is precarious. We may struggle to service debts and to pay for imports. I expect to see very significant devaluation in the coming months possibly 800 naira for a dollar |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by 0m0nnakoda: 8:46am On Mar 09, 2020 |
RapistOnBail:?can you translate this into English? 1 Like |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by CanadaOrBust: 8:48am On Mar 09, 2020 |
InvertedHammer: Well I heard an economist say Russia could have done that partly to hurt US economy. If oil price stays low for long US will go into recession |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by klax(m): 8:51am On Mar 09, 2020 |
Hahahaha the lifeless bitch and his party has sedn another blame game window open to hide their failure. The next you wilm hear now is Oh oil price fall that is why buhari can executeg good governance. Oh oil price fall that is why they borrows billions of dollars but oil price has be stable and good for 3 to 4 years now but achieved nothing but failure and insane borrowing. *A Failure always has excuses* 3 Likes 1 Share |
Re: Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears by wink2015(m): 8:53am On Mar 09, 2020 |
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. NORTHERN NIGERIA THAT REFUSE TO ACCEPT RESTRUCTURING AND FACE AGRICULTURE. I HOPE THEY ARE READING ALL THIS NEWS. IF THEY DEVELOPED A SOUND AGRICULTURE IN THE NORTH WILL THAT NOT HELP NIGERIA TO HAVE AN EASY START. 1 Like |
(1) (2) (3) (4) (5) (6) (Reply)
5 Banks Earn N15.7bn On Account Maintenance Charges In Q1 2019 / Tiamin Rice Invests $13.4m To Produce 1,520 Tonnes Daily / Air Peace: Our Aircraft Was Not Seized In The U.S
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 47 |