Nigeria’s National Assembly to elect new leadership
Nigeria’s Department of Petroleum Resources has revoked a total of six oil licenses over what the regulator described as a “legacy debts”. Meanwhile, U.S President Donald Trump says he could raise an additional $300 billion tariff on China if necessary. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa for more.
Oil & gas stocks plunge on trade war fears
Nigeria’s equities market closed bearish on Monday dragged by heavy losses in the oil and gas sector. Oise Ajayi, Senior Analyst at Meristem Securities joins CNBC Africa to discuss activities that will shape the trading day.
US-Iran tension: Exxon Mobil pulls out foreign staff from Iraqi oil field
Exxon Mobil's decision to evacuate its foreign staff from a major Iraqi oil field comes amid rising tensions between the US and Iran. The US company's employees are reportedly being flown from Iraq to Dubai.
Houthi rebels attack Saudi oil pipeline
A Saudi minister says that a crude oil pipeline in Riyadh province has been attacked by Yemeni drones. The attack follows Saudi claims of sabotage attempts on two of its oil tankers off the United Arab Emirates.
The real deal with Iran, global oil inventories
President Donald Trump has long wanted the 2015 nuclear deal with Iran to fall apart. He got one step closer to that on Wednesday, when Iran warned European nations it’s ready to quit the accord in 60 days if it doesn’t start seeing greater economic benefits from the agreement. Kevin O’Brien, chief business officer at Orbital Insight, talks with Bloomberg's Alix Steel about Iran, global oil inventories and the tight oil market.
Oil will hit $80 a barrel on Iran sanctions, says BofA's blanch
Francisco Blanch, BofA Merrill Lynch head of global commodities research, talks about how oil prices will be impacted by U.S. sanctions on Iran.
Don't see $100 oil anytime soon: RS Energy's Brower
Brent crude breached $75 a barrel for the first time since October, and U.S. benchmark West Texas Intermediate rose above $66 a barrel. Prices have surged as the U.S. decision to tighten Iran sanctions and contamination in Russian shipments fueled supply fears.
Dirty Russian oil fuels anger in Minsk
When Poland turned the taps off on contaminated Russian oil this week, fears of price hikes were felt in Germany and Poland. But for Belarus, the issue could have deeper ramifications in its relations with Moscow.