The current excess oil supply has driven down oil prices and supply may soon increase more. Once sanctions against Iran are lifted, the World Bank estimates that an additional million barrels of oil per day will be on the market.
Norway's state-owned investment fund has reached the value of $1 trillion for the first time since its establishment in the 1990s, meaning that each citizen of the oil-rich country owns more than $200,000.
Russia has voted in favor of new sanctions against North Korea in the United Nations Security Council, even though they include new oil sanctions. The Russian resource plays a much greater role than previously thought.
Gas-rich Tanzania hosts a two-day congress aimed at bringing together policymakers and experts in the oil and gas industry. But the country needs to pick its strategic partners carefully, says analyst Anaclet Rwegayura.
Angola's Joao Lourenco has been sworn in on Tuesday as president replacing Jose Eduardo dos Santos, who ruled the oil-rich country with an iron grip for 38 years. Who is the man who ran on the ticket of the MPLA?
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