VOA NEWS: OIL PRICE DECLINE DRIVES CUTS IN 2009 NIGERIAN FEDERAL BUDGET
October 20, 2008
October 20, 2008
WASHINGTON, Oct. 20 -- The Voice of America issued the following story:
By Howard Lesser
A combination of falling prices and reduced oil exports due to Niger Delta violence have prompted Nigeria to reduce its federal budget for next year. World prices plunged below $70 a barrel last week before rebounding slightly, but have tumbled from July's $147 high. OPEC ministers plan to meet this week to cut world output. Because of the Delta violence, petroleum now br . . .
By Howard Lesser
A combination of falling prices and reduced oil exports due to Niger Delta violence have prompted Nigeria to reduce its federal budget for next year. World prices plunged below $70 a barrel last week before rebounding slightly, but have tumbled from July's $147 high. OPEC ministers plan to meet this week to cut world output. Because of the Delta violence, petroleum now br . . .