Revenue losses span across oil and gas upstream and downstream at levels not seen in recent years.
OPEC’s policies were truly influenced by the 2014 fall in price.
Expert and professional crude oil traders reveal what it takes to be successful in the trade.
Brent crude gained about to trade at $44.32 a barrel by 3.49 am.
Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session.
Brent crude lost about or 1.62 to trade at $42.04 per barrel.
OPEC is hoping Shale Oil loses steam and goes on the wane.
OPEC+ is lowering output by 9.7 million barrels per day (bpd) for a third month in July.
Bonny light sold for $43.33, far below the price Nigeria sold its crude months ago.
JP Morgan Chase had predicted that oil prices would shoot up as high as $190 a barrel in 2025.