Tuesday 20 January 2015

NIGERIA’S CRUDE DEMAND TO TOUCH DECADE LOW

NIGERIA’S CRUDE DEMAND TO TOUCH DECADE LOWDemand for crude oil from Nigeria will fall to its lowest in a decade in 2015, the Organisation of Petroleum Exporting Countries (OPEC) said at the weekend amidst worsening oil price rout rocking the global market.

OPEC, which said this on its website, maintained that the same fate would befall 11 other members of the organisation. Nigeria, Africa’s biggest crude exporter, is facing a cash crunch following the continued fall in prices of crude, its biggest revenue earner.

Read more @ New Telegraph

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