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Tag Archives: Petroleum Exporting Countries (OPEC)

Good news for 2017 budget as oil price jumps to $53 a barrel

After two days of decline, Brent crude LCOc1, the global benchmark, on Wednesday was up 50 cents at 52.64 dollars. Analysts say the trend is good for the Nigerian economy not just for the rise, but for the equally rising daily production which the Minister of State for Petroleum, Dr. Ibe Kachukwu has said is risen to 2.25bpd. If the ...

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