Business Africa
Oil prices are set for its biggest quarterly gains in ten years. An OPEC-led deal to cut output by around 1.2 million barrels per day is said to boost prices. But sources say Russia is dragging its feet to continue the pact beyond September.
Also, Africa’s demand for oil is expected to rise by 77 percent over the next 20 years, according to the BP Energy Outlook 2017. However, it is difficult to predict how the consumption between oil, gas and renewable energies will evolve, including how this will influence markets.
We speak to Mahaman Laouan Gaya, Secretary General of the African Petroleum Producers’ Organization on what is at stake.
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A sigh of relief after nearly 300 abducted schoolchildren freed in Nigeria
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Tinubu suspends public-funded foreign trips by ministers, govt officials
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16 soldiers killed in southern Nigeria during fighting between communities
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Nigeria reopens borders with Niger
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