Tag: oil industry
Joining CNBC Africa to discuss the latest in the oil markets after yesterday’s historic US oil futures price fall of zero dollars is Stephen Innes, Global Chief Markets Strategist at AxiCorp.
Oil prices went into free fall today as inventories piled up, raising concerns storage capacity could run out in the near term amid low demand made worse by COVID-19 lock-downs worldwide. Christopher Haines, Analyst, Global Crude at Energy Aspects spoke to CNBC Africa for more.
From the first of January 2020, the International Maritime Organisation's Fuel Sulphur Regulation comes into effect. The regulation provides a 0.5 global sulphur cap on fuel content from 3.5 per cent. Andrew Nevin, Partner and Chief Economist at PricewaterhouseCoopers (PwC) Nigeria and Steve Jones, Founding Director of Energex Partners join CNBC Africa’s Kenneth Igbomor to discuss how this will impact the oil industry in Africa.
Italy’s Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub.
Isaah Mhlanga, Chief Economist at Alexander Forbes joins CNBC Africa to discuss this week’s MPC meeting as well as the oil prices spike after a drone attack hit the main Saudi Arabian oil industry over the weekend.
Uganda may be a newcomer in the oil industry, but it has a lot to offer investors. CNBC Africa’s Jill de Villiers asked Dr. Elly Karuhanga, Chairman, Uganda Chamber of Mines on Petroleum & Founding Partner Kampala Associated Advocates, how he saw the future of oil in the country from a private sector perspective.
It is crucial for the country to figure out how to encourage the participation of its citizens in the oil sector.
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