Tag: oil benchmark

Niger Delta militants are literally changing the world, as oil price hits $50

by Chi Ibe This morning, oil prices hit a 2016 high of $50 a barrel mark, following the disruptions in the production of crude in Nigeria.  Brent, the global benchmark…

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Senate wants oil price benchmark lowered in 2015 Budget

by Godwin Akanfe The Senate Finance Committee proposed on Wednesday, February 25, the cutting of the oil price benchmark in the 2015 Budget to $52 a barrel from its current $65,…

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