The Global Oil Market Sneezes and We Break Out In A Fever, By Uddin Ifeanyi - Premium Times Opinion

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Opinion: The Global Oil Market Sneezes and We Break Out In A Fever, By Uddin Ifeanyi

It is not also about the fact that over the last couple of weeks, the news has included the fact that West African oil cargoes were stranded on the high seas looking for buyers. True, covid-19 has dampened China’s appetite for all commodities, including our precious main export. But long before that, as an oil export-dependent economy, we were increasingly vulnerable to three main global trends. The rapid reduction in the energy-intensity of global production.

Over much nearer horizons, it would matter for the economy’s health how the diminution in government’s official revenues as a result of the oil shock feeds through to the coffers of regional and municipal governments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Dear Premium Times, please help ask JAMB why registered candidates are assigned centres far away from their base. AMAC candidate assigned Bwari(7.a.m!)Garki candidate assigned Suleja(Niger

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines