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<p>Saudi Arabia cut the February price of its flagship Arab Light crude to Asian customers this week following concerns about supply overhang. Meanwhile, oil is giving up some gains as Middle East supply concerns from the Israel-Hamas war weigh heavy. Kola Karim, Chairman of Shoreline Group joins CNBC Africa to discuss production and pricing dynamics at play as well as shifts in global oil architecture.</p>


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Unpacking 2024 oil pricing & production dynamics

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<p>OPEC and its allies will meet in Vienna today, where the alliance is expected to stick to its current plan and agree on an increase in crude output from July.</p>


Brent hits session-peak of $71 as OPEC+ meets

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<p>As more countries are looking to stop export financing for fossil energy sources, Nigeria’s Minister of Finance, Budget and National Planning says the government is committed to diversifying its economy away from external vulnerabilities.</p>


FOOSILL20

Is Nigeria’s transition from fossil fuel-dependency on track?

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<p>OPEC and allies have approved a continuation of the production levels of March for the month of April, with the exception of Russia and Kazakhstan, which will be allowed to increase production by 130 and 20 thousand barrels per day respectively.</p>


OPEC extends oil supply cut to April – What are the implications for Nigeria?

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<p>As oil prices hit a nine-month high with Brent crude hovering around 51 dollars and 60 cents, worries around oil demand recovery persist despite improved vaccination hopes. Oil cartel, OPEC, trimmed its 2021 demand forecast yet again to 95.89 million barrels per day just as its Joint Ministerial Monitoring Committee rescheduled this week’s meeting for early January.  Joining CNBC Africa to discuss what to expect from the oil sector next year are Adeoye Adefulu, Partner at Odujinrin and Adefulu, Kola Karim, the Chairman of Shoreline Group and Niyi Falade, CEO of Crusader Sterling Pensions.</p>


What lies ahead for Nigeria’s oil and gas sector in 2021?

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<p>The oil market continues to remain on high alert as it expects producer club, OPEC and its allies to reach a decision on its production guidance for member countries come 2021. But what OPEC+ deal will be most favourable for the Nigerian economy whose oil sector contracted by 13.89 per cent in the third quarter of the year? Kola Karim, Chairman of Shoreline Group and Tajudeen Ibarhim, Senior Vice President and Head of Research at Chapel Hill Denham joins CNBC Africa for more.</p>


OPEC+ meeting: What’s best for Nigeria?

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<p>Oil prices gained 2 per cent after Joe Biden emerged the winner of the U.S elections. So how will this change in leadership in the United States impact the oil markets going forward?</p>


Oil markets react to U.S election outcome

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<p>New restrictions to movement in some cities on the back of rising new COVID-19 cases as well as uncertainty around U.S President Donald Trump’s health are some updates the oil market will be paying close attention to. Kola Karim, Chairman of Shoreline Group joins CNBC Africa for more.</p>


Oil market eyes Trump’s health status & rising COVID-19 cases

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<p>Global crude production cut has been tapered to 7.7 million barrel per day this August putting an end to the historic 9.7 million barrels per day supply cut which expired on July 31st. Crude prices have remained under pressure on fears of new COVID-19 cases. Kola Karim, Chairman of Shoreline Group joins CNBC Africa for a focus on the global oil market.</p>


Crude remains under pressure on fears of new cases COVID-19

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<p>The Joint Ministerial Monitoring Committee of oil producer club, OPEC will meet later today after which it will announce its recommendation for production policy along with the group’s allies. Joining CNBC Africa to weigh the committee’s options is Kola Karim, Chairman of Shoreline Group.</p>


COVID-19: What to expect from the OPEC+ meeting

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<p>Brent crude futures plummeted further and are currently hovering around $19 a barrel after falling about 10 per cent on increased concerns over a building supply glut and a lack of available storage. Kola Karim, Chairman of Shoreline Group joins CNBC Africa for more.</p>


COVID-19: Why there are no winners in the oil price crash

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<p>Brent crude futures have climbed since Friday on hopes that Saudi Arabia and Russia will hold talks and eventually strike a deal to cut output. Ahead of the crucial meeting, Kola Karim, Chairman of Shoreline Group joins CNBC Africa for more.</p>


Shoreline Group: Why the Saudi Arabia

Shoreline Group: Why the Saudi Arabia, Russia meeting delay is a good thing

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Oil prices plunged over 26 per cent after a breakdown in talks in Vienna last week as OPEC failed to reach a deal with its allies on production cuts. In the face of an all-out price war, how can Africa&#8217;s oil producers like Nigeria stay ahead? Kola Karim, Chairman of Shoreline Group and Usoro Essien, Head of Research at Vetiva Capital joins CNBC Africa for more.</p>


Oil price crash: How can Africa’s oil producers stay ahead?

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OPEC and non-OPEC’s Joint Technical Committee has scheduled a meeting on the 4th and 5th of February in Vienna to assess the impact of China’s new coronavirus on oil demand. As oil continues to trade below $60 a barrel, Kola Karim, Chairman of Shoreline Group joins CNBC Africa to discuss what this means for Nigeria’s economy.</p>


Here’s how Coronavirus outbreak impacts oil markets and Nigerian economy

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<p>Oil prices steadied around $64 a barrel as the market looks to the signing of a trade deal between the United States and China tomorrow. For more on geopolitics and impact on oil prices, Kola Karim, Chairman of Shoreline Group joins CNBC Africa for more on geopolitics and impact on oil prices.</p>


Tracking global market movements ahead of U.S.-China trade deal signing

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<p>There have been frank discussions at the boardroom sessions at the Africa Investment Forum – Kola Karim, Group Managing Director and CEO of Shoreline Energy International told CNBC Africa’s Kenneth Igbomor. They also spoke about opportunities in the oil and gas sector.</p>


Africa Investment Forum: Shoreline CEO Kola Karim outlines opportunities in Africa’s oil & gas sector

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<p>Oil prices plunged over 1.7 per cent earlier today, continuing from losses of over three percent from Friday. The month of May recorded the biggest monthly loss in 6 months, as brent currently trades at 60 dollars and 96 cents.</p>


Kola Karim

Unpacking 2024 oil pricing & production dynamics

Brent hits session-peak of $71 as OPEC+ meets

Is Nigeria’s transition from fossil fuel-dependency on track?

OPEC extends oil supply cut to April – What are the implications for Nigeria?

What lies ahead for Nigeria’s oil and gas sector in 2021?

OPEC+ meeting: What’s best for Nigeria?

Oil markets react to U.S election outcome

Oil market eyes Trump’s health status & rising COVID-19 cases

Crude remains under pressure on fears of new cases COVID-19

COVID-19: What to expect from the OPEC+ meeting

COVID-19: Why there are no winners in the oil price crash

Shoreline Group: Why the Saudi Arabia, Russia meeting delay is a good thing

Oil price crash: How can Africa’s oil producers stay ahead?

Here’s how Coronavirus outbreak impacts oil markets and Nigerian economy

Tracking global market movements ahead of U.S.-China trade deal signing

Africa Investment Forum: Shoreline CEO Kola Karim outlines opportunities in Africa’s oil & gas sector

Oil plunges further on trade war fears

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Kola Karim

Unpacking 2024 oil pricing & production dynamics

Brent hits session-peak of $71 as OPEC+ meets

Is Nigeria’s transition from fossil fuel-dependency on track?

OPEC extends oil supply cut to April – What are the implications for Nigeria?

What lies ahead for Nigeria’s oil and gas sector in 2021?

OPEC+ meeting: What’s best for Nigeria?

Oil markets react to U.S election outcome

Oil market eyes Trump’s health status & rising COVID-19 cases

Crude remains under pressure on fears of new cases COVID-19

COVID-19: What to expect from the OPEC+ meeting

COVID-19: Why there are no winners in the oil price crash

Shoreline Group: Why the Saudi Arabia, Russia meeting delay is a good thing

Oil price crash: How can Africa’s oil producers stay ahead?

Here’s how Coronavirus outbreak impacts oil markets and Nigerian economy

Tracking global market movements ahead of U.S.-China trade deal signing

Africa Investment Forum: Shoreline CEO Kola Karim outlines opportunities in Africa’s oil & gas sector

Oil plunges further on trade war fears

News Tips

Advertise With Us

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