Browsing: OPEC

FG plans to amend 2020 budget oil benchmark to $20 to be halted

Oil price: OPEC+ ministers to talk via Video on Monday. In an attempt to stabilize global prices of oil, the Organisation of Petroleum Exporting Countries (OPEC) minister will engage via video conference on Monday.

“Each dollar slump in Oil price cost Nigeria N20 Billion daily. The Nigerian economy is swinging down with the oil market performance after OPEC+ failed supply cut discussion.

OPEC+ failure to cut supply put Nigeria’s economy in danger. The Nigeria’s economy would bleed as the Organisation of the Petroleum Exporting Countries failed to agree on supply cut due to Russia terms.

As myriads of challenges facing the Organisation of Petroleum Exporting Countries (OPEC) grow, analysts have advised the Federal Government to take decisive steps towards ensuring that revenue base of the nation is not threaten

Oil: OPEC influence waning, Nigeria be careful