Word: nigerias
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...specter that the U.S. might be headed for a new recession. But at the same time, interest rates dipped, lifting hopes that the recovery will gain new pep. On top of that, Britain cut the price of its North Sea oil by $1.35 per bbl. to $28.65, and Nigeria followed with a $2 reduction to $28. The breaks in oil prices and interest rates sparked an explosive rally on Wall Street...
...boxer named Zaw Latt), 7,000 pencils scribbled on pads that Zaw Latt would make an interesting feature. When George Vecsey of the New York Times wrote a fine story about what he described as the "Burma team" (the Burma team lost its first bout against Christopher Ossai of Nigeria), a great host of writers (including this one) grimaced and chided themselves for not reaching the Burma team first...
...think we are kind of on a razor's edge." Texaco, Quaker State and Standard Oil of Indiana lowered the rates they would pay for some types of U.S. crude by as much as $2 per bbl., to $26. The trend may force two big producers, Britain and Nigeria, to mark down the official price of their crude. Said Constantino Fliakos, oil analyst at Merrill Lynch: "If that happens, OPEC ultimately would suffer and have to lower its official price again...
This year Cameroon is clearly the strongest team in Africa as it beat Nigeria 3-1 to win the African Nations Cup in March. Last fall Cameroon was undefeated in the Olympic qualifying tournament...
...challenges, OPEC last week organized committees to press each member for lower production levels, and Saudi Arabian Petroleum Minister Sheik Ahmed Zaki Yamani agreed to ask London and Oslo for a rollback in North Sea production. Then, in a symbolic gesture of unity, the oil ministers allowed heavily indebted Nigeria to increase its daily production of 1.3 million bbl. by a total...