Oil price forces new Nigeria budget

Coronavirus, oil price crash trigger dollar shortage in Nigeria  Quartz Africa

US crude oil price falls below $20  Financial TimesOil Plummets to 17-Year Low as Broken Market Drowns in Crude  BloombergCrude oil futures slide as pandemic darkens demand outlook  CNBCWhy Saudi Arabia is likely to blink first in oil price war with Russia  South China Morning PostWelcome to a Truly Free Oil Market  BloombergView Full coverage on Google News

The recent fall of oil prices in the world market has sent a positive note to Tanzania’s balance of payments with the country’s current account narrowing by 11 per cent in the year ending November 2014.

>If you are a motorist or you work in a business that is heavily dependent on oil, consider yourself safe from a price hike—in the next four months, at least.

The BBC's Matthew Davies takes a look at the winners and the losers in this low-price environment.

The oil price war is a nightmare for US shale producers  Al Jazeera AmericaShares plunge in worst day since financial crisis  BBC NewsOil prices collapse with biggest drop since 1991 Gulf War  DW (English)Six Thoughts on the Collapse of the Oil Market  BloombergSaudi Arabia’s Oil Crash Has No Quick End  BloombergView Full coverage on Google News

>As Tanzanians wake up to see rising prices of all petroleum products, the importation coordinator says that the country has enough stock.

Nigeria is Africa's largest oil producer and the drop in oil prices around the world has hit the cost of living.

Can Saudi Arabia really afford to wage an oil price war?  Aljazeera.comSaudi Aramco profits plunge 21% months after IPO  DW (English)What's behind Saudi Arabia's oil price war with Russia? | Counting the Cost  Al Jazeera EnglishBy Pumping at Will, Saudi Arabia Hurts Oil Investment  BloombergReducing oil price would benefit Russia to influence U.S. oil export: energy expert  Tehran TimesView Full coverage on Google News