Falling Oil Prices Could Cost Nigeria $24 Billion in 2015
Falling Oil Prices Could Cost Nigeria $24 Billion in 2015
JOHANNESBURG--December 11, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--If crude oil prices fail to rise from current levels, Nigeria could lose more than $24 billion in revenue in the coming year. Based on the price of $68 per barrel, against the $101 price in June 2014, the revenue loss would be more than $33 per barrel, or more than $2 billion per month, at a production level of 2 million barrels per day, or 730 million barrels per year.
Within this article: Impact of falling oil prices on Nigeria's revenue base.
Other companies featured: Morgan Stanley (NYSE:MS)
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Oil Price Forecasts Vary, But Skewed to the Upside
- U.S. Rig Count, Methane Emissions, Hydrogen Tax Credits: Your Daily Energy ...
- Palisades Nuclear Restart, CPS Energy Purchase: Your Daily Energy News
- Vaca Muerta's Neuquen Province Hits Record Oil Output in February
- Vaca Muerta en Neuquén alcanzó un nuevo récord de producción de petróleo en...