Expectations of higher oil prices
[rtl]Morning - Agencies
Workers in Nigeria is heading to the open strike on Wednesday, which will include energy and other sectors such as airports, ports and banking sector, in protest against the lifting of government subsidies on energy could lead to more than half of the country's oil production stops and thus high oil prices in the global market.
Oil prices ended slightly declining week due to higher dollar exchange rate and no change in the supply and demand equation, after he approached the Brent crude benchmark of fifty dollars barrier, although crude oil prices remained above the barrier offorty - five dollars, with Brent at $ 47.85 a barrel US light crude at $ 46.21 a barrel
and braced the market when it opens Monday for the possibility of losing the display about one million barrels per day of Nigerian production if the government was not able to stop the strike
and raised the Nigerian government energy prices by 67 percent (raised fuel price to 145 naira (US $ 0.73 ) per liter), under fierce financial crisis as a result of lower oil prices.
he Ozu-Eason Secretary - General of the Community trade union: if the government did not return the price of gasoline to 86.5 naira (US $ 0.43) per liter by midnight Tuesday, we will have no other solution only invite workers to open - ended strike starting Wednesday »next
was Nigeria 's output had already dropped to 1.65 million barrels per day from 2.2 million barrels a day.
the government has been unable to meet the demands of the workers even partially would mean the disruption of supply equation and demand in the global oil market and possibly higher prices to fifty dollars per barrel barrier.[/rtl]