Todays Oil prices

[Siku 0]

Plz

 

[Douglas Buckland + 6,308]

Look them up yourself! How lazy can you get!

Edited May 12, 2020 by Douglas Buckland
Njj

[Tojutee + 1]

Hello everyone, My name is Toritseju Temisanren my friends call me Toju for short. Oil and Gas professional from Nigeria, and I'm delighted to be here

[pisstol + 48]

Hi Tojutee,

I keep reading bad news about the oil industry in Nigeria. Is the theft of oil controllable or it is a cost of doing business you will always have to put up with? And I have read that the cost of production is too high in Nigeria. Is Nigeria going to go out of the oil business?

[pisstol + 48]

An article today on oilprice.com mentions Nigeria:

https://oilprice.com/Energy/Crude-Oil/7-Oil-Countries-Hit-Hard-By-The-COVID-19-Crisis.html

The article says: "Oil sales contribute 90% of the country's foreign exchange earnings; 60% of the revenue and 9% of GDP. With a high fiscal breakeven of $144 per barrel, Nigeria is finding itself dire straits with IOCs needing $35-$40/barrel to break even."