Posted On: 08/22/2016 9:25:48 PM
Post# of 22940
From a posted article:
"Kunle Aderinokun
Analysts at FBNQuest, an economic research and investment banking arm of FBN Holdings Plc, has predicted that the price of Bonny Light crude oil at the international market would hit $55 per barrel at the end of this year and further projected that for 2017 Bonny Light would sell at US$60/b (average) and would hit US$70 per barrel at end-2017."
Not the cheapest oil on the market, but cheaper to refine and less pollutants in the process. This could be crucial to China if they want to meet emissions targets and earn credibility as a first world nation.
"Kunle Aderinokun
Analysts at FBNQuest, an economic research and investment banking arm of FBN Holdings Plc, has predicted that the price of Bonny Light crude oil at the international market would hit $55 per barrel at the end of this year and further projected that for 2017 Bonny Light would sell at US$60/b (average) and would hit US$70 per barrel at end-2017."
Not the cheapest oil on the market, but cheaper to refine and less pollutants in the process. This could be crucial to China if they want to meet emissions targets and earn credibility as a first world nation.
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