There seems to be no respite in the immediate for the nation’s economy as the revenue base continues to plummet, with the persistent glut in global supply of crude oil, pushing it to five-year low of $59.24 per barrel at the weekend.Already the Organisation of Petroleum Exporting Countries’ refusal to cut production at the current level of 30 million bpd in a bid to secure its market share has been spotlighted as stoking further the negative impact on pricing.
Read more @ The Guardian
No comments:
Post a Comment