Power Failure: Nigeria’s Crude Prices May Crash Further This Week - 9jaflaver



WELCOME TO 9JAFLAVER

NEWS  |  BBNAIJA  |  SPORTS  |  CELEBRITY GIST  |  PREMIUM BEATS  | MIXTAPE  |  COMEDY VIDEOS  |  JOKES  |  TECH  |  FASHION


PROMOTE MUSIC | ADVERTISE | SUBMIT FREEBEAT


Search anything below

ads1

Power Failure: Nigeria’s Crude Prices May Crash Further This Week

Prices of Nigeria’s crude grades may crash further downwards this week due to persistent power failure at the export facility, sources close to the matter told SweetcrudeReports.

Power failure which began early last week is yet to be finally laid to rest, we learnt.
The country’s crude grades prices had fallen to their lowest in three weeks due to power failure at the export facility.

Reuters’ market report had said differentials fell on Friday for a second day due to a power failure at the Qua Iboe export facility which began early last week.

Prices of Qua Iboe BFO-QUA for March loading was offered at a premium of between $1.80 and $1.90 a barrel above dated Brent, down from around $1.95 the previous day and from around $2.15 at the start of this week.

The power outage caused a slowdown, as crude was loaded at around 25,000 barrels an hour, slower than normal rates around 30,000 barrels an hour.

As a result of excesses on ground, Bonny Light and Qua Iboe, which had been listed to be sold at higher than $2 a barrel above dated Brent throughout February, was said to have crashed- just one cargo of Qua Iboe was sold last week by Vitol.

The drop in export comes after last Tuesday’s report said Nigeria’s March oil cargoes were almost sold due to high demand by European refiners for the country’s oil. However, inside sources said the power challenge is yet to be totally fixed and could cause further slowdown this week.



CLICK HERE TO COMMENT ON THIS POST
Promote Your Music, Video, Comedy Skit Here On 9jaflaver

Call Only:- +2348173379226  Or  +2348143945195

Loading...


SPONSORED LINKS


TRENDING SONGS OF THE WEEK

Blow My Mind
Davido Ft Chris Brown

Brown Skin Girls
Beyonce Ft Wizkid

Jericho
Simi Ft Patoranking

Naira Marley
Soapy
 

Reason With Me
Rudeboy
The Bag
Phyno
Feelings
Jowey J
 
Am I A Yahoo Boy?
Naira Marley Ft Zlatan
Fibadi
Chidokeyz Ft Wizkid
Oil And Gas
Olamide
Fireboy DML
King
Super Man
Ibezim Million
 
Dumebi
Rema
 
True
Mayorkun Ft Kizz Daniel
 
Why
Naira Marley
Ariva
Flavour
All In Order
Mavin
 
Yawa
Reekado Banks
 
Culture
Umu Obiligbo Ft Flavour, And Phyno
 
Feel Good
Ice Prince Ft Phyno, And Falz
 
Fuck You
Kizz Daniel
 
Maria
Reekado Banks
 
Jericho
Simi Ft Patoranking
 
My Loving God
Goodness Ft Terry G
 
Killin Dem
Burna Boy Ft Zlatan
 
Uptempo
Tekno
 
Madu
Kizz Daniel
 
Money
Soft
 
Iyawomi
Goldgy Samuel
 
Murder
King Perryy Ft Teni
 
Confirm
Patoranking Ft Davido
 
Jama
DJ Mic Smith Ft Patoranking
 
Sensima
Skiibii Ft Reekado Banks
SWIPE LEFT TO VIEW MORE

DOWNLOAD ALSO


» Dail Brain Ft Skaprince – Bless Me Fast




» Sanij D Ft Wilsyn – Kpoko




» Emesta – Odim Na Obi




» Omecca – Ego




» Peter Elvys – Visit Me




» Prince Bee – Shower Ur Blessing




» RichMoney Ft HypeMC And M-Josh – International Baby



🎵 Want Latest Nigerian Songs? Click HERE



Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-




SPONSORED LINKS





MUSIC OF THE WEEK



© 2014-2019 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.