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Oil on track for weekly gains on trade talk hopes, OPEC-led supply cuts

OIL prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply. Despite this, markets were held in check by expectations of an economic slowdown in 2019. International […]
The post Oil on track for weekly gains on trade talk hopes, OPEC-led supply cuts appeared first on Tribune Online. …

Oil price: Saraki, Rewane, LCCI, others raise fresh worries over 2019 budget

Oil price: Saraki, Rewane, LCCI, others raise fresh worries over 2019 budget

“Between the crude oil price and production we have already seen that once we don’t meet those targets, we are going to have a huge deficit problem.” Adewale Sanyaolu Worried by persistent drop in international crude oil prices, some Nigerian experts are becoming apprehensive that the implementation of the 2019 budget may be hugely challenged […]
The post Oil price: Saraki, Rewane, LCCI, others raise fresh worries over 2019 budget appeared first on The Sun Nigeria. …

Post-OPEC Deal: Oil price stability raises hope for budget benchmark

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Hopes that the 2019 federal budget oil price benchmark would not be completely eroded appears strengthened as oil prices sustain stability days after output cut by members of the oil producing nations’ cartel, the Organisation of Petroleum Exporting Countries, OPEC, and their allies inked the papers to reduce output and starve off glut. The global benchmark, Brent crude  for February delivery, yesterday sold for $61.25 a barrel.
Continue reading Post-OPEC Deal: Oil price stability raises hope for budget benchmark at Vanguard News Nigeria. …

Oil price crash forces review of 2019 budget benchmark

Against the backdrop of a long and steady decline in the international oil price, the Federal Government may have started reviewing developments in the global oil market with the intention of adopting a new oil price benchmark for its 2019 budget.
Continue reading Oil price crash forces review of 2019 budget benchmark at Vanguard News Nigeria. …

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