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Nairaland Forum / Nairaland / General / Politics / Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic (57193 Views)
Oil Price Wasn’t $100 Per Barrel From 1999 - 2019 As Buhari Said (Fact Check) / National Grid Collapses To 40mw Again / Oil Price Hits $90 Per Barrel For First Time Since 2014 (2) (3) (4)
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Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by speedchariot(m): 3:10pm On Apr 20, 2020 |
A nice chess game from China.Chinese govt are stock piling crude amid the crisis in some oil rich region.When the fight is over,their economy will blossom 1 Like |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Dshocker(m): 3:10pm On Apr 20, 2020 |
Crude oil will become as useless as condemned oil by end of 2020 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by mvem(m): 3:11pm On Apr 20, 2020 |
Rahyberg:US to....they are the highest oil producers |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:11pm On Apr 20, 2020 |
haywire07:we have diversify already ![]() 1 Like |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:11pm On Apr 20, 2020 |
haywire07:for starters most of their oil contain sulfur, it’s not sweet crude. Secondly the demand is more than their local production capacity. Few years back their production capacity almost equalled their demand reason they stopped buying from Nigeria. 7 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Mayydayy(m): 3:11pm On Apr 20, 2020 |
Jesus! |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by miltonchux(m): 3:11pm On Apr 20, 2020 |
Corporate2020:Oga you can't do without oil, if they don't use it as energy to power the Car, there are lubricating part that needs lubricant an greese. Our abundant Gas is also needed to Generate electricity. So leave all those electrical car story 8 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:12pm On Apr 20, 2020 |
Corporate2020: your state will not be able to pay salary 3 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by scopusng(m): 3:12pm On Apr 20, 2020 |
For forex traders time to sell USDCAD for long term trade. Expect to make serious money when the price of oil starts moving up. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Luckydubby7(m): 3:12pm On Apr 20, 2020 |
Now that Abba Kyari is gone wahalah dey because the man tried small. Buhari is a cursed to Nigeria. 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by salford1: 3:13pm On Apr 20, 2020 |
Lostz:Cattle? The west has more cattle. Fat ones unlike those bony African types ![]() 5 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by tunapawizzy: 3:13pm On Apr 20, 2020 |
We will drink this oil laslas....shebi we no wan get sense ni 3 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by excanny: 3:14pm On Apr 20, 2020 |
dayleke:Still $27 |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Openbusiness: 3:14pm On Apr 20, 2020 |
Very good news. Buhari should reduce the price of petrol to N15 per liter sharp sharp 4 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by SimplePlan34: 3:14pm On Apr 20, 2020 |
Brace up ppl, but me I need help now |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:14pm On Apr 20, 2020 |
Good! oil have ruined so many countries, caused so many wars and killed so many innocent men, women and children. 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by sonnie10: 3:15pm On Apr 20, 2020 |
Very soon, oil companies will be doing promo. Buy one barrel get two barrels free. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:15pm On Apr 20, 2020 |
2 Likes
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Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by dayleke: 3:15pm On Apr 20, 2020 |
excanny: Thank you. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Nobody: 3:16pm On Apr 20, 2020 |
salford1: buhari has already set-up a committee head by osibade. the committee will make our cattle fatter than that of the west ![]() |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by ChristianNorth: 3:16pm On Apr 20, 2020 |
Buhari and his bad lucks It is well 2 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Maranzano(m): 3:17pm On Apr 20, 2020 |
I would like to rent Dangote's crude storage facility for his Lagos refinery to stock cheap crude but he is a wiser businessman. Sense no go kill me. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Angelfrost(m): 3:17pm On Apr 20, 2020 |
Kennydoc: Then sadly, the nation is about to be buried... We should start thinking fast economic diversification and alternative revenue sources, or apply for recolonization!!! 5 years after claiming to have what it takes to return the nation to glory, yet you have merely sunken her further into economic abyss!!! 2 Likes 1 Share |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Achievers2odds(m): 3:17pm On Apr 20, 2020 |
. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by dafemnet: 3:17pm On Apr 20, 2020 |
Price of Oil will bounce back in no time. 1 Like |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by TheAlchemist: 3:17pm On Apr 20, 2020 |
NaijadrivaCars: This is the best time to implement full deregulation of the down stream sector.. God save Nigeria. |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Openbusiness: 3:17pm On Apr 20, 2020 |
eruchboy:What do you expect when Buhari is the petroleum minister. By now he supposed to reduced the price of petrol to N15 per liter 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by ednut1(m): 3:18pm On Apr 20, 2020 |
haywire07:crude oil have different grades. Some refineries are built to refine certain oil. Nigerian oil is bonny light which is sweet crude. It is also cheaper to import due to transport costs. Cheaper to ship nigeria oil to usa than north dakota oil to new York. Its common sense and economics 7 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by doggedfighter(f): 3:18pm On Apr 20, 2020 |
Sharatan:Let those eating the proceeds sort themselves out. End of discussion ![]() ![]() ![]() ![]() 2 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by nedekid: 3:19pm On Apr 20, 2020 |
haywire07:Wise words, the question is diversify to what? Is it tourism? Insecurity has killed that sector, besides Nigeria police, customs etc also contribute. Imagine a foreigner driving his family through cotonue boarder all the way to yankari game reserve. Police will extort, customs will seize his car, kidnappers will fight themselves over who saw them first. Is it manufacturing at competitive prices when you run diesel and have all manner og government agencies taxing you? Oh, commercial agric nko, my paddy left his high paying job to open multi billion naira farm, Nna if you see the guy now ehh. Anyway we need to diversify. 4 Likes |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by lansha2006: 3:19pm On Apr 20, 2020 |
haywire07:Great idea but what about the cost of storage and production. What are the parameters you are using for your projections? This is not a walkover |
Re: Oil Price Collapses To $11 Per Barrel Amid Covid-19 Pandemic by Gordonz07(m): 3:19pm On Apr 20, 2020 |
Let the government reduce the price here nau. Abi they want us to be buying for #125 still? Fuel is suppose to be sold for 50naira per litre fa. 2 Likes 1 Share |
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