World Bank Projects Oil Glut in 2025, Foresees Price Drop to $73/Barrel Dike Onwuamaeze The World Bank has projected that global commodity prices would decline to a five-year low in 2025
amid an oil glut that is so large that it could curtail the price effects of a wider conflict in the Middle East. This is contained in a World Bank Group’s report titled: “World Bank
2024 Commodity Markets Outlook October 2024,” which projected that global commodity prices would fall by 5 per cent and 2 per cent in 2025 and 2026 respectively.
The report, which was released last weekend, stated: “Brent oil price is projected to average $80/b in 2024, about $3/b lower than last year, with prices expected to hover
around $75 for the rest of the year before drifting lower to $73/b in 2025 and $72/b in 2026. “This projection is predicated on no prolonged escalation in ongoing
armed conflicts, a slowdown in oil demand growth, and a well-supplied oil market. Continued on page 5
Oando Announces N60.3 Billion Profit for 2023 Audited Financials...
Page 6
Monday, November 4, 2024 Vol 29. No 10799. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Dangote Refinery to Oil Marketers: Any Imported Petrol Cheaper Than Ours is Substandard... Page 8
World on Edge as US Presidential Election Holds Tomorrow How candidates stand on immigration, reproductive rights, others Outcome of poll to determine major global events Emmanuel Addeh in Abuja Tens of millions of US citizens will be going to the polls tomorrow (Tuesday) for the country’s tightly contested presidential election, a two-horse race between Vice President Kamala Harris
and ex-President Donald Trump. Over 70 million Americans have already cast their votes, in what would be one of the most consequential elections in recent US history. The policies and programmes
of the candidates couldn’t be more starkly different. For the first time in many election circles, women’s reproductive health, especially their right to abortion, is playing a crucial role in the election. In effect, that could mean that
women might well come out en masse and be the ultimate deciders of the all-important exercise. But even more historic is that for the first time in America, there is a real chance of the country electing its first female president, more so,
a mixed race woman. Will America dare to elect its first female president? We know the answer is just hours or days away. On the other hand, Trump the candidate of the Republican Party, will also be breaking some records
if he makes a comeback. Having survived two assassination attempts, convicted of 34 felony charges, found liable by a New York Court of sharp business practices, and fined Continued on page 5
Atiku: FG Should Adopt My Manifesto Presidency: Nigeria Would’ve Deteriorated UnderYou Deji Elumoye and Chuks Okocha in Abuja Former Vice President Atiku Abubakar and the presidency, yesterday, squabbled over the state of the nation, especially the tottering economy. Atiku, the Peoples Democratic Party (PDP) 2023 presidential candidate, who took a swipe at President Bola Tinubu’s leadership, advising him to eat the humble pie and adopt some of the policies in his manifesto in order to turn around the economy for good. But the presidency, in its response, said if Atiku had won the 2023 presidential election, which held March last year, Nigeria would have been worse under his watch. In a long statement personally signed, Atiku said he had been inundated with questions as to what he would have done differently if he was at the helm of affairs of the country. He stated, “I am not the president, Tinubu is. The focus should be on Continued on page 5
AT ART X LAGOS 2024... L-R: Stephen Kauma (Director, Afreximbank), Roosevelt Ogbonna (Managing Director, Access Bank Plc), Dudun Peterside (Managing Partner, Narita), Tokini Peterside-Schwebig (Founder, ART X), Governor Babajide Sanwo-Olu, Atedo Peterside (Chairman, Anap Jets),Bolaji Balogun (CEO, Chapel Hill Denham), Olumide Oyetan (Chief Executive, Stanbic IBTC Pension Managers) during ART X event in Lagos...recently
End of Tenure Thanksgiving: Obaseki Celebrates Achievements, Successes...
Page 12