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Nigeria Oil Prices Plunge to $65 as Trade War and OPEC Decisions Take Toll
Oil prices fell sharply to $65 per barrel, the lowest since April 2021, due to escalating trade tensions and new tariffs imposed by China on U.S. goods. This drop coincided with OPEC's decision to increase oil output by 411,000 barrels per day, impacting global markets and Nigeria’s budget. Oil...- Nigeria News
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- brent crude global oil market oil price fall opec output hike trade tensions us tariffs
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Nigeria Nigerians Confused by Dangote Refinery's Decision to Import Crude Oil From the United States
Dangote Refinery is set to import crude oil from the United States, a groundbreaking departure from its traditional reliance on Nigerian feedstock. According to reports from Bloomberg, traders familiar with the matter revealed that Trafigura Group has secured a deal to supply 2 million barrels...- Nigeria News
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- dangote refinery global oil market niger delta nigeria oil production oil supply opec us crude wti midland
- Category: Business
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Business Crude Oil Price Rises to $56
Crude oil prices regained ground after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts. U.S. crude was trading 36 cents firmer at 47.84 dollars a barrel, while Brent rose 22 cents to 56.00...- ProfRem
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