Nigeria: Oil Prices to Slide Further

The International Energy Agency (IEA) on Friday, July 10, 2015, stated that oil prices may not have hit their lowest price yet, predicting that they would likely to last well into 2016.

The agency added that the world oil market was unable to absorb the huge volumes of oil now being produced.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.