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  • Posts Tagged /International oil market/

Low demand haunts Nigeria’s oil as unsold stocks hit 34m barrels

  • 18 Jun 2018
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There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34 million barrels. A market survey by Platt showed that bidders for the country’s July-loading heavy and light sweet crudes were not present at the market. A trader, who preferred not to

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Analysis: How The Oil Price Crash Will Make Markets More Efficient

  • 21 Oct 2015
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By Michael McDonald. Oilprice.com BP CEO Bob Dudley recently came out making an interesting point regarding the silver lining from the fall in oil prices. Dudley notes that as a result of low oil prices, subsidies have been cut on many petroleum products around the world. This is important in that it creates a more

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