A Nigerian court has ordered the arrest of former petroleum minister Dan Etete over his alleged involvement in the OPL 245 affair.
Nigeria is seeking to recover as much as $62billion (£50.6bn) from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion of bonds for its state-run oil company in one of the most oversubscribed debt offerings in history.
In a bond sale closely watched by investors globally, Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering this week. Early indications suggest investors are already crowding in.
Scott Darling, head of regional oil and gas at JPMorgan, discusses Trump’s hardline stance on Iran and what that will mean for the global markets. Watch the video to hear his take on Brent.
No CEO is showering money on Wall Street like Jeffrey Immelt. And no Wall Street CEO is catching more of it than Jamie Dimon.
Oil prices will remain under pressure in the near term as Iran seeks to boost crude shipments, said Meg McClellan, global head of consultant and client strategies at JPMorgan Asset Management.