crude prices – InfoStride News

Increase In Crude Prices Have Made It Unprofitable To Import Petrol – Emmanuel Iheanacho

David Folami — Sun, 31 Dec 2017 10:37:02 +0000

Capt. Emmanuel Iheanacho has linked the constant scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC). Iheanacho said that this was not realistic for marketers to import and sell at that rate. “The selling of the product at N145 per litre is no longer feasible with the current exchange [...]

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Alberta Wildfire: Canada Oil Price Surges As Production Slows

Ade Adewale — Fri, 06 May 2016 22:48:04 +0000

The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in output. Western Canadian Select, the benchmark for oil sands production, strengthened $1.35 to a $11.50-a-barrel discount to U.S. West Texas Intermediate on Thursday at 7:38 a.m. Calgary time, the smallest difference since July, data compiled by [...]

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President Buhari Approves Nigeria Delayed Record-Budget To Boost Economy

Wale Adebayo — Fri, 06 May 2016 22:37:31 +0000

President Muhammadu Buhari signed Nigeria’s biggest ever budget ending months of haggling with lawmakers over spending plans to help stimulate an economy reeling from falling crude prices. With a 6.1 trillion naira ($30.6b) budget, up 20 percent from the 2015 budget, Nigeria is looking to spend its way out of an economic slowdown and diversify [...]

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