Falling oil prices have hit Nigeria hard. Oil makes up around 75 percent of the country's exports. Nigeria now faces a black hole in its state finances after more than 10 years of budget surpluses.
Global oil prices fell after the US-led airstrikes in Syria at the weekend, having spiked last week on fears Middle East tensions might escalate. Eyes now turn to how Syria's key sponsors, Russia and Iran, react.
Libya's two largest oil terminals have been attacked by a Benghazi rebel group. Production is expected to drop by 240,000 barrels per day and exports interrupted.
The International Energy Agency (IEA) has warned that global oil supplies could be severely impacted by the US decision to pull out of the Iran nuclear deal. Crisis-hit Venezuela constituted another big risk, it added.
Oil prices have jumped to levels last seen in 2014, after the United States decided to re-impose sanctions on Iran, threatening to tighten global oil markets and likely to derail billions of dollars in business deals.
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