Friday, April 5, 2019 03:34PM / FDC
Brent rose 0.14% to
$69.41pb despite gloomy global economic forecasts and US inventory build-up.
Shrinking global supply aided by OPEC and its allies cutting oil production and
the US sanctions on Venezuela has left the market with less cushion to absorb
unexpected oil disruption and propelled oil price to gain 29% YTD.
Demand however remains
robust as analyst projects further rise in oil prices and this is positive for
Nigeria’s fiscal and external buffers.
The slides below summarize the developments in the global and domestic
Prices Up By 0.48% Despite Forecasts of Increased Global Production
2. Expectations of a
Bumper Harvest from Ivory Coast Likely to Depress Cocoa Prices
3. Diversion of Brazilian
Cane Mills to Ethanol Production to Boost Sugar Prices
4. AFEX Shares Insights on
How Women in Agriculture Balance for Better Even On the Farm
5. Nigeria Produces 0.11%
of Global Steel; Imports 5m Tonnes Annually
6. Sugar Production in
Nigeria: A Revenue Opportunity Despite A Growing Health Consciousness
7. Cocoa Prices Up By
0.82% Despite Forecasts of Robust Global Cocoa Production
8. Expectations of Bumper
Harvest in Top Cocoa Exporting Countries to Weigh on Prices in the Near Term
9. Nigeria’s Annual
Lettuce Output Less Than 200,000 Tonnes
10. Should Nigeria Ban The
Importation of Tomato Paste?