Consumers benefit from cheaper oil. But the oil industry and oil-producing nations are struggling to cope with the repercussions of falling prices. It’s also a challenge for the global economy.
Has the oil price finally hit a turning point? More investors are banking on reduced output and rising prices. This is a good thing, to a certain extent, Rolf Wenkel finds.
Nigeria's President Muhammadu Buhari hasn't managed to find a solution to the country's most pressing issue - Nigeria depends too much on its crude oil. Many Nigerians are fed up after the government cut fuel subsidies.
State-owned Saudi Aramco, the world's biggest oil company, is considering selling a small minority of its shares to private investors. It's part of a wider drive to part-privatize Saudi state-owned companies.
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