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Experts disagree on $60/b benchmark for budget 2019

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Economic experts have disagreed over the decision of the federal government to retain $60 per barrel as its crude oil price benchmark for budget 2019 in spite of recent slide in crude oil price below $60 per barrel.

Some experts who spoke to Vanguard, opined that retention of $60 per barrel is ambitious and poses a major risk to projections for the year, others however differ saying that forecast for crude oil price for 2019 is still above $60.

A renowned energy analyst, Mr. Bala Zaka said that the federal government was too ambitious to emerge with the $60 per barrel benchmark for the 2018 budget.

Vanguard, December 20, 2018

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