Word: nigeria
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...base level, all members will also get to charge so-called differential premiums of up to $3.50 per bbl. The differentials, which traditionally have been set at no more than a small fraction of the base price, are supposed to be applied solely to specially attractive crudes, such as Nigeria's and Libya's low-sulfur oil, which is now much in demand for refining into gasoline. Veteran observers of past OPEC behavior expect the differentials soon to be turning up as part of the price for almost any grade of cartel crude. As a portent of things...
...OPEC boosted prices 9% to an average of $14.55 per bbl., price gouging by individual members has pushed up charges for some grades of crude to $20 or more per bbl. Lately cartel members have been leapfrogging each other to grab ever higher prices. No sooner did Algeria and Nigeria post unilateral increases of up to $2.45 per bbl. on their low-sulfur crude than Libya raised the price of its own competing grade by a comparable amount. The increase, Libya's second in a month, was promptly followed by a rise by Iraq as well. Even Saudi Arabia...
Some Tory right-wingers would like the Thatcher government to recognize the new government in Salisbury immediately. The Prime Minister, however, is well aware that Britain cannot afford to offend African members of the Commonwealth. One index of their growing importance is that Britain's trade with Nigeria now exceeds its trade with South Africa. Nevertheless, as an indication of current Tory sentiment, Thatcher has decided to send a senior envoy to Salisbury, replacing the junior official there now The prevailing view in Whitehall, however, appears to be that action on both recognition and sanctions can be delayed until...
From Saudi Arabia to Sumatra, from Nigeria to the North Sea, up comes the oil. And every day, 24 hours a day?at a rate of 30,000 gallons per second?the petroleum-thirsting world swills it back down in desperate, energizing gulps...
Saudi Arabia $35,200,000,000 Iran $20,700,000,000 Iraq $9,800,000,000 Libya $9,800,000,000 Nigeria $9,500,000,000 United Arab Emirates $8,600,000,000 Kuwait $7,700,000,000 Indonesia $6,500,000,000 U.S.S.R. $5,800,000,000 Venzuela $5,400,000,000 Algeria $5,100,000,000 United Kingdom $2,400,000,000 Norway $1,700,000,000 Mexico...