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Those who know how the arcane transactions and contract systems in the oil market work will tell you to please calm down on today’s development in oil price.
Reason? today’ event is a temporal occurrence.
@chriseny thanks for your note also!
Reason? today’ event is a temporal occurrence.
@chriseny thanks for your note also!
So, yes the June contracts will return prices to $22 or so, but the key takeaway for us today is that countries like ours can no longer sustain itself on oil prices.
I have long wanted the conversation that today’s event has triggered.
Nigeria’s future will be shaped by it.
I have long wanted the conversation that today’s event has triggered.
Nigeria’s future will be shaped by it.
For those who wish to understand the technical reason for today’s dip into -$$ for oil, here is a great thread.
It is simple and easy to understand.
https://twitter.com/gilbeaq/status/1252293724215762950?s=21 https://twitter.com/gilbeaq/status/1252293724215762950
It is simple and easy to understand.
https://twitter.com/gilbeaq/status/1252293724215762950?s=21 https://twitter.com/gilbeaq/status/1252293724215762950
If you are Nigerian, don’t say, “Praise the Lord! Hallelujah, and then go and relax. Not a time for complacency.
It is not at all, “Uhuru” on this commodity that has defined our country.
We need a total reset of our economic growth and development strategy away from oil.
It is not at all, “Uhuru” on this commodity that has defined our country.
We need a total reset of our economic growth and development strategy away from oil.
