Nigeria, others need $100 oil to balance budgets – Report

Nigeria, others need $100 oil to balance budgets – Report

Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It noted that lower oil prices would be more harmful to economies that relied heavily on oil revenue for dollars. “They don’t have any savings

 
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Source: Nigeria, others need $100 oil to balance budgets – Report

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