What is the current oil price in nigeria
Most casual stock market investors do not pay serious attention to the current prices of various commodities such as oil and basic foodstuffs for example. However, these current prices of commodities in Nigeria can have a major effect on the value of the main stock and the overall market. Crude Oil Production in Nigeria decreased to 1570 BBL/D/1K in December from 1664 BBL/D/1K in November of 2019. Crude Oil Production in Nigeria averaged 1879.01 BBL/D/1K from 1973 until 2019, reaching an all time high of 2475 BBL/D/1K in November of 2005 and a record low of 675 BBL/D/1K in February of 1983. This page provides the latest reported value for - Nigeria Crude Oil Production - plus Presently, the official pump price of petrol (PMS) in Nigeria is N145. However, going by current market data, the commodity presently goes for prices ranging from N142 to N155 . The over-the-country average price of petrol is presently N147.50 per litre . The Countries Hit Hardest By The Oil Price War The oil market meltdown will blow a hole in the budgets of oil-producing nations, but some countries are significantly more… Latest Energy News Crude oil is the most important commodity and emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require more and more oil to support Any hope for Nigeria’s 2019 budget as oil price hits $64.56 per barrel. FOR the first time in 2019, the oil price yesterday rose from $62.00 to $64.56 per barrel in the international market, indicating $4.56 in excess of Nigeria’s $60.00 budget benchmark. Nigeria Gasoline prices, liter, 09-Sep-2019. Nigeria: The price of gasoline is 0.4 U.S. Dollar per liter. For comparison, the average price of gasoline in the world for this period is 1.10 U.S. Dollar.
Average price paid by consumers for automotive gas oil (diesel) increased by 1.58% month-on-month and 11.02% year-on-year to N229.16 in March 2019 from
At a current price of $65 per barrel, Nigerian crude oil exports records 2.2 million barrels per day. The huge export number generates income especially the 9 Mar 2020 It will be recalled that when the price of oil slumped to $27 per barrel in February 2016, it plunged Nigeria into recession. The current sharp 4 Mar 2020 In 2018, the OPEC oil price per barrel was 69.78 U.S. dollars. Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. Average annual OPEC crude oil price from 1960 to 2020 (in U.S. U.S. Landed Costs of Nigeria Crude Oil (Dollars per Barrel). Year, Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec. Year, Jan, Feb, Mar, Apr, May, Jun Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes The sudden jump in oil prices caused by the First Gulf War in 1990 and 1991, as most researchers confirm, was at best squandered. 9 Mar 2020 Oil Benchmark: Brent Crude Oil, which Nigeria's 2020 budget is benchmarked against, fell from $45 per barrel to $31.52 as at the time of writing Nigeria's economy which has been negatively affected as a result of the fall in oil price has shown clearly the negligence of the government over the years in
11 Dec 2014 (On December 10, 2014, Bonny Light crude had fallen to $61 a barrel.) With the fall in oil prices the naira, Nigeria's national currency, has fallen
2 days ago Nigeria's economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected earnings
6 days ago And with this year's $37 billion budget passed with a benchmark oil price of $57 per barrel—nearly double its current price of around $31 to $33
Current Price of Petrol in Nigeria Presently, the official pump price of petrol (PMS) in Nigeria is N145. However, going by current market data, the commodity presently goes for prices ranging from N142 to N155 . Esso and Petronas had sole rights to the Agadem block. But in 2008, the rights were transferred to CNPC for USD$5 Billion investment. The oil reserves in the block are estimated at 325 million barrels. The company is also building a 20,000-barrel-per-day refinery in Zinder. Nigeria: The price of diesel is 229.78 Nigerian Naira per liter. For comparison, the average price of diesel in the world for this period is 362.37 Nigerian Naira. The chart below shows the price of diesel in the country relative to other countries. Current (AGO) Diesel Price In Nigeria Today September 2019 at Depot. The price of Automotive Gas Oil (AGO) is proportional to the BULK quantity you want supplied to you. From 5,000 litres to 10,000 litres = ₦215 per litre. From 11,000 litres to 32,000 litres = ₦205 per litre. From 33,000 litres to 10 trucks = ₦202 per litre.
30 Jun 2013 Source: Oil price: BP, 2011. Crude oil exports: EIA, 2012a. Exports of goods and services: WTO,. 2012. Income/wealth inequality (Gini coefficient).
11 Dec 2014 (On December 10, 2014, Bonny Light crude had fallen to $61 a barrel.) With the fall in oil prices the naira, Nigeria's national currency, has fallen 22 Apr 2019 Being a supplier of crude oil, this price forms one of the determinant factors upon which the Nigerian Budget is bench marked, hence, any shock Average price paid by consumers for automotive gas oil (diesel) increased by 1.58% month-on-month and 11.02% year-on-year to N229.16 in March 2019 from 31 Aug 2016 The news underlined the shifting fortunes of a nation, with 187 million people and trillions of dollars in untapped crude oil, that was intended to 12 Sep 2019 Oil prices have dropped below $60 per barrel as fears of a global Nigeria and Iraq have agreed to curb oil production in order to which could boost global crude supply at a time of lingering worries about energy demand.
Platts assesses West African (WAF) crude oil loading from Nigeria, Angola and the Republic of Congo, which together account for the bulk of the major crude oil Apart from petroleum, Nigeria's other natural resources include natural gas, tin, iron ore, coal, limestone, niobium, lead, zinc and arable land. GDP at market prices (million $), 417,410 Proven crude oil reserves (million barrels), 36,972. 6 days ago And with this year's $37 billion budget passed with a benchmark oil price of $57 per barrel—nearly double its current price of around $31 to $33