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Tinubu's economic reforms should be akin to IBB SAP - Peoples Daily Newspaper

Tinubu's economic reforms should be akin to IBB SAP - Peoples Daily Newspaper
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Why President Bola Tinubu's Economic Reforms Should Be Akin To General IBB's Structural Adjustment Program (SAP) -By Usman Yanmaza – Opinion Nigeria

The economic priority is aimed first and foremost at revitalising the oil sector so that it could earn more revenue for the nation. Here I have my reservation on oil. I think Gov't should be determine to ensure that oil is being lifted again, and through the active participation in the bargaining politics of Organization of Petroleum Export Countries (OPEC), so also ensuring that the slump in the price of oil is halted and reversed to the benefit of both oil traders and citizens (win - win situation).

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WTI plunges over 4% as debt-ceiling concerns and mixed messages from producers weigh

Western Texas Intermediate (WTI), the US crude oil benchmark plummets for the second straight day by more than 4%, spurred by woes about whether the U

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WTI recovers some ground and hovers at around $68.00 after plunging to a new YTD low

Western Texas Intermediate (WTI), the US crude oil price, had shrugged off a $6.00 fall during the Asian session and is trading above its opening pric

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Oil Tumbles as US Economy Concerns Grow

Oil nosedived late in the session as ample crude supply balances and growing unease over the US economy's trajectory sent bulls fleeing.

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WTI climbs to fresh weekly highs around $78.40s on improved risk appetite

Western Texas Intermediate (WTI), the US crude oil benchmark, edges up by a margin of 0.50% as a risk-on impulse hits the market, which, worried about

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TOP expects global oil prices to continue to fall

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, expects global oil prices to continue to decline this week to US$84-94 per barrel amid growing concerns over a global economic recession, but the decrease will not cause authorities to reduce domestic diesel prices.

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UN projects strong recovery in Western Asia

However, uneven recovery points to further polarization in the region Beirut, 17 January – In Western Asia a strong recovery is projected to continue

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Why Oil Companies Are Eyeing Spot Crude From Africa, North America

Bharat Petroleum Corporation has increased the proportion of spot crude purchases to about 45 per cent
India's refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic. Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India's top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
The shift underscores how other producers are benefiting from the cuts as consumption returns in markets like India. It's been especially good to exporters like the U.S. and Nigeria, whose crude produces more gasoline that's in high demand as the pandemic pushes people to private cars instead of public transport.

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OPEC+ Cuts And Covid Has India Eying Spot to Feed Lighter Diet

Publishing date: Feb 14, 2021 • February 14, 2021 • 2 minute read •
Article content
(Bloomberg) — India’s refiners are turning to spot oil from Africa and North America as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the Covid-19 pandemic.
Spot crude imports into the world’s third-largest oil market will rise by 10% to 15% this year from 2020, according to industry consultant Facts Global Energy. The increased purchases are coming as India’s top suppliers, including Saudi Arabia and Iraq, curtail output as part of the OPEC+ pact.
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