Friday, August 2, 2019

Tag "IEA"

    Nigeria ‘partly responsible’ for rise in oil price

Nigeria ‘partly responsible’ for rise in oil price

Nigeria, alongside Iraq and the United Arab Emirates, is responsible for the rise seen in oil prices, the International Energy Agency (IEA) has said.In its latest Oil Market Report (OMR) released on Friday, the agency said that disruption in the production levels of these three countries saw a cut in oversupply to the tune of 350,000 barrels per day.The reports revealed [...]

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    ‘Oil prices would stay below $80 till 2020’

‘Oil prices would stay below $80 till 2020’

The International Energy Agency (IEA) says crude oil prices would remain lower than $80 a barrel up until 2020.In the 2015 edition of its flagship World Energy Outlook (WEO 2015) publication, the reputable energy controlling body said the plunge in oil prices has set in motion the forces that lead the market to rebalance.“In the central scenario of WEO-2015, a [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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