Categories: OIL & GAS

$100 Per Barrel: Buhari Smiles To The Bank As Pentagon Moves More Fighter Jets To Eastern Europe

<h4>&dollar;100 Per Barrel<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that as the Pentagon moves up to eight F-35 fighter jets and a slew of other warplanes to Eastern Europe&comma; the Baltics and Poland to shore up support for NATO allies following the beginning of Russia’s invasion of Ukraine&comma; Nigeria and other major oil producing countries are currently smiling to the bank over the astronomical rise of oil price in the international market&period;<br &sol;>&NewLine;The Pentagon is the headquarters building of the United States Department of Defence&comma; constructed on an accelerated schedule during <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">World War II<&sol;a>&period;<br &sol;>&NewLine;As the moment&comma; the price of crude oil &lpar;Brent&rpar; has hit the roof Oil at &dollar;100 per barrel in the international market&comma; due mainly to the ongoing Ukraine crisis&period;<br &sol;>&NewLine;The price of oil had been predicted to rise to &dollar;100 per barrel because of a sustainable increase in demand after the Coronavirus pandemic lockdown&comma; but it did not&period;<br &sol;>&NewLine;However&comma; a few minutes ago&comma; the price of Brent&comma; usually utilised to benchmark other prices&comma; rose to &dollar;103&period;33 per barrel&comma; from &dollar;96 per barrel&comma; in the global market&period;<br &sol;>&NewLine;Nevertheless&comma; there were indications that the prices of other crudes&comma; including Nigeria’s Bonny Light&comma; currently hovering at &dollar;96&period;60 per barrel&comma; will continue to rise&period;<br &sol;>&NewLine;Earlier&comma; President Muhammadu Buhari signed N17&period;13 trillion 2022 appropriation bill into law with oil benchmark pegged at &dollar;62 per barrel and daily oil production at 1&period;88 million barrels &period;<&sol;p>&NewLine;

Share This
Openlife Reporter

Recent Posts

Late Prophet Temitope Joshua Of SCOAN Only Gone From Sight But His Impacts Linger—Femi Oyewale, NASRE President

Late Prophet Temitope Joshua Of SCOAN Only Gone From Sight But His Impacts Linger---Femi Oyewale…

1 day ago

Zenith Bank Expands Its Environmental Sustainability And Responsible Business Practices, Partners LAWMA, LASWA To Commemorate 2026 World Environment Day

Zenith Bank Expands Its Environmental Sustainability And Responsible Business Practices, Partners LAWMA, LASWA To Commemorate…

1 day ago

Dangote Refinery Ramps Up To 700,000 Barrels Per Day, Strengthening Africa’s Energy Landscape

Dangote Refinery Ramps Up   OpenLife Nigeria reports that Dangote Petroleum Refinery & Petrochemicals has…

1 day ago

Globacom Introduces 10 % More Data Offer To Customers, Tagged ‘More Data More Value Only On Glo’

Globacom Introduces 10 % More Data Offer To Customers   OpenLife Nigeria reports that in…

1 day ago

Former Director, Nigerian National War College, Bode George, Lectures Pastor Adeboye On Military Hierarchy, Faults 90-Day Service Chief’s Resignation Order

Former Director OpenLife Nigeria reports that Retired Navy Commodore Bode George who served as Director,…

2 days ago

List Of Constituencies Where ADC May Not Field Candidates In 2027 Elections As INEC Stands Firm On Deadline

List Of Constituencies Where ADC May Not Field Candidates In 2027 Elections As INEC Stands…

2 days ago

This website uses cookies.