The Effect of Global Oil and Gas Prices and Production Fluctuations on the Economy of Nigeria

Once a cornerstone of the U.S. economy, crude oil production now experiences a paradigm shift, abundant for domestic consumption and export, signaling a lasting global oil price transformation. Despite a surge in U.S. hydrocarbon production and weakening oil prices, imports from Nigeria dramatically...

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Veröffentlicht in:	The journal of applied business and economics 2023-12, Vol.25 (7), p.18-25
Hauptverfasser:	Ojumu, Oluwagbemiga, Osho, Gbolahan Solomon
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance of payments Budgets Consumption Crude oil Crude oil prices Economic development Economic growth Elasticity Exports Gasoline prices GDP Gross Domestic Product Hydraulic fracturing Hydrocarbons International trade Macroeconomics Petroleum production Strategic petroleum reserve Technology transfer Trade surplus
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