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Nigeria, Others May Suffer as Saudi Predicts Crude Oil Crash to $50

Crude Oil Loan Facility

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By Adedapo Adesanya  A prominent member of the Organisation of the Petroleum Exporting Countries (OPEC), Saudi Arabia, has warned fellow crude producers that prices could slump to $50 per barrel, a move that would jeopardise Nigeria’s revenue. Saudi Energy Minister, Mr Abdulaziz bin Salman, gave a stern warning to fellow OPEC+ ministers, saying this price […]

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