After a 7 percent slump on Monday, oil prices saw further falls in Asian trading on Tuesday, as investors considered the impact of the latest Covid-19 lockdowns on demand for oil. The price of crude has been extremely volatile in recent months. At the start of the Russian invasion of Ukraine, the international benchmark Brent rose to its highest level since 2008. Also today, we report on a protest by ride-hailing drivers in France over high fuel prices.

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Developing countries could see their oil and gas income fall by between 50 percent and 85 per cent this year, that's according to a joint statement by the International Energy Agency and OPEC. The global organizations warned that the coronavirus pandemic could have potentially far-reaching economic and social consequences. Steve Osho, Managing Director at Comercio Partners Capital joins CNBC Africa for more.

COVID-19: Senate summons CBN, Finance, Petroleum ministry over drop in oil price

In "Futures In Focus," Scott Gecas, chief market strategist at Long Leaf Trading, examines oil prices as the IEA cuts its demand forecast through 2019 and how the U.S. dollar is impacting commodities.

Nigerian Petroleum Minister Emmanuel Ibe Kachikwu discusses the impact of OPEC production cuts and U.S. shale oil drilling on oil prices and talks about his nation's oil output.

Koon How Heng, Credit Suisse senior FX strategist, discusses the outlook for currencies in 2017 with Bloomberg's Betty Liu and Shery Ahn on 'Bloomberg Daybreak: Asia.'

Bloomberg Intelligence’s Andrew Cosgrove discusses his outlook for the oil industry in 2017.