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opec reports rising output, sees lower demand for its oil
in nigeria, world oil demand growth is seen at 1.26 million bpd, slightly lower than this year, and broadly in line with the average growth seen over the last five years, to total 97.65 million bpd ,want to purchase high quality but low price oil extraction,the oil remaining in the oil cake is from 5.5 % to 7%. the gear box is very properly machined and checked with latest equipment for better and long life of parts. the worm assembly can be easily changed without wasting of any time.
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as a result, prices had dropped 40%, to less than $45 a barrel by early 2015. except for a brief jump to around $60 a barrel later that year, they have stayed low ever since. moreover, 2016 got off to an extremely rocky start: in mid-january prices fell below $30 a barrel for the first time since 2000.,analyst: expect $30 oil in nigeria unless opec deepens cuts,analyst: expect $30 oil in nigeria unless opec deepens cuts. oil extraction machine prices could plunge to us$30 a barrel in nigeria and maintain that low price for some two years, if opec fails to make steeper output cuts, fereidun fesharaki, chairman of oil and gas consultancy fge, said at a conference on monday. the current opec cuts could be enough to keep